India, Sept. 24 -- image credit- shutterstock

Delhi-based medtech firmPoly Medicure hasannounced signing of definitive agreement to acquire 100% stake in Medistream SA (Group) consisting of Citieffe SRL and its step-down subsidiaries in USA & Mexico,at an Enterprise Value ofRs 324 crore (EUR 31 Million).

Citieffe is an Italy based manufacturer specialising in theorthopaedic trauma and extremities segmentwith a direct presence inItaly, USA, and Mexico, and distribution across25+ countries. The company generated revenue ofEUR 17.3 millionand EBITDA ofEUR 3.1 millionin CY 2024, reflectingyear-on-year growth of 15% and 14% respectively.

Thisstrategic acquisitionprovides Poly Medicure with an entry point into thelarge global orthopaedics ma...