Novanta, a trusted technology partner to medical and advanced technology equipment manufacturers, has announced the closing of its acquisition of World of Medicine GmbH (World of Medicine) for €115 million in cash.

World of Medicine, based in Berlin, Germany, is the leading supplier to original equipment manufacturers (“OEMs”) of regulatory controlled medical insufflators, pumps, and related disposables for the minimally invasive surgical market. The business operates as a full service provider to OEMs by developing customized solutions for mission critical applications, and by providing clinical validation, regulatory approval support, training and product servicing.

http://www.pharmabiz.com/NewsDetails.aspx?aid=103012&sid=2

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *