Trivitron healthcare enters a strategic joint venture with IMD Generators, Italy
Trivitron Healthcare, the largest Medical Technology Company has announced a joint venture with the IMD group, Italy. The MOU was signed on January 27 for the joint venture in the name of Kiran IMD X Ray Private Ltd, to design/ develop and manufacture variety of X Ray equipment and X-Ray accessories based out of its facilities in Chennai and Mumbai in India and Bergamo in Italy.
Trivitron healthcare holds 60% share while IMD group holds 40% share in the joint venture. This collaboration aims to reach 100 crores revenue within three years of its operation with X Ray Monobloc, X Ray Generators, High Frequency X Ray machines, mobile and full room DR, Digital OPG and Mobile Cathlab manufacturing in India.
Dr. GSK Velu, Founder and Managing Director of Trivitron Group of companies said, “This joint venture is in line with Trivitron’s philosophy of making state of the art technology accessible and affordable to the larger section of population.”
“This is an exciting moment for Kiran Medical Systems as we move up in our value chain to provide more comprehensive product line to our channel partners and customers across the globe. IMD and Kiran products are complimentary to each other and the joint venture will immensely benefit both companies.” said Mr Ramesh Modi, CEO of Kiran Medical Systems.
Trivitron offers 360 degrees solution in Laboratory Medicine, Imaging – Ultrasound Machine, Critical and Cardiac Care, Operating Room, and Ophthalmology along with providing expert consulting services. Meanwhile, IMD group has been pioneers in the X-Ray space for over three decades with original innovation in X Ray Instruments and accessories technology. This joint venture between Kiran and IMD ensures these high technology products will be now manufactured in India for making it accessible and affordable to larger section of population with special emphasis to emerging markets like South and South East Asia, Middle East and Africa, Eastern Europe and Latin America. Apart from manufacturing products like High End C-Arm, DR, High Frequency X Ray Machines, Mobile Cathlab, Digital OPG etc, and the joint venture will also produce Monoblocs/Generators to be supplied to other X Ray manufacturers across the world using Kiran’s Global Network.
(Source: Press release)