Medical Technology company Trivitron Healthcare has announced that it has converted an existing Joint venture with ETA Star Health into a wholly-owned subsidiary in Dubai.
The JV with the Al Ghurarir Group company was established in 2006. In the end of 2012, Trivitron acquired the JV company completely setting up its own offices in the UAE to pursue an aggressive growth mandate for its innovative, indigenously manufactured products in the Middle East market estimated at $80 billion a year, said a company announcement.
The acquisition is expected to bring Trivitron’s indegenously manufactured products in various segments including critical care and operating room solutions, lab diagnostics (IVD) and X-ray imaging solutions into the Middle East, African and emerging markets. This would also help the company to leverage collaboration with channel partners and enhance networking for new products in focussed segment, added the company.