India, Sept. 3 -- Poly Medicure Ltd. (NSE: POLYMED | BSE: 531768), India's leading medical device company with a strong presence in the consumables market, has signed definitive agreements to acquire a 90% stake in the PendraCare Group, which includes PendraCare Holdings and Wellinq Medical, from Wellinq Holdings B.V. The deal values the enterprise at €18.3 million, with the remaining 10% stake to be acquired in 2030 based on actual EBITDA for CY 2029.
PendraCare Group is engaged in the development, manufacturing, and sale of advanced cardiology catheter solutions, while also offering design, development, and manufacturing services to global OEMs. The acquisition provides Poly Medicure with an opportunity to expand its cardiology busi...