Since 2011, Trivitron has owned 26 per cent in Kiran Medical
Medical equipment manufacturer, Trivitron Healthcare has fully acquired Mumbai-based imaging accessories and radiation protection apparel maker Kiran Medical System and Imaging Products India (IPI).
Details about the timing of the transactions and the deal values were not made public. The firm had revealed about the twin transactions as part of its corporate newsletter at the beginning of this year.
Kiran Medical is a manufacturer and supplier of image enhancement accessories and radiation protection products such as cassettes, screens, grids, shields and computer radiography systems. It also provides accessories to leading imaging product manufacturers like Fuji, Agfa and Kodak. Kiran operates a manufacturing facility in Mumbai.
In 2011, Trivitron had picked up 26 per cent stake in Kiran Medical and later increased it to 51 per cent before completely buying the company.
Imaging Products India (IPI) is a manufacturer and marketer of contrast products in association with Bracco Spa of Italy. The acquisition of this firm is expected to help Trivitron strengthen its hold in the South Asian market for radiology.
Trivitron had received Rs 150 crores from private equity firm India Value Fund Advisors (IVFA) which had picked up a minority stake in the company last year.
EH News Bureau
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