AMTH to Strengthen Position in Urology Through M&A

Superior MedTech Holdings (AMTH or the Team) declared the acquisition of a vast majority fascination in Wikkon, a expert in urology and shock wave treatment gadgets. AMTH claimed it expects to obtain the remaining shares of Wikkon by the finish of 2022. Centered in the tech hub of Shenzhen, also regarded as China’s Silicon Valley, Wikkon specializes in the advancement and producing of remedies to handle urological and orthopedic circumstances these types of as kidney stones, erectile dysfunction and joint, muscle or tissue ache. 

Founded in 1996, Wikkon has the major put in foundation of more than 6,000 urology therapy devices in China and sturdy associations with health care experts. The acquisition will considerably strengthen AMTH’s direct presence in China. 

Combining the German engineering power of Dornier MedTech, AMTH’s wholly owned subsidiary, with the modern capabilities of WIKKON, AMTH will be ready to supply physicians access to an expanded products portfolio and establish up a significant probable platform for the growth of a worldwide price segment in urology.

With China’s aim on domestic sourcing for key health-related gadgets and its sizeable domestic marketplace, AMTH reported it is perfectly-positioned to provide the expanded needs of the world’s next major and speediest rising health care current market with further localization of R&D and producing abilities. Wikkon’s items are in use across more than 40 nations around the world in Asia Pacific and the rest of the planet, supplying AMTH a powerful platform to greater provide the demands of global emerging marketplaces from Wikkon’s base in Shenzhen.

Abel Ang, Team Main Government of State-of-the-art MedTech, stated: We are now uniquely put to aggressively develop in China’s sizeable marketplace, which is very best served by domestically created units. State-of-the-art MedTech’s built-in urology system is accelerated by Wikkon’s considerable R&D, production, provide chain, and put in foundation of models. Our newly merged portfolio will let us to provide urology prospects in search of worth oriented remedies right by way of to quality oriented clients globally.”  

 

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