Germany's DiaSys to buy Piramal Enterprises' diagnostics equipment trading unit

Piramal Enterprises has agreed to sell its diagnostics equipment trading unit to German firm DiaSys Diagnostics Pvt Ltd for Rs 13 crore. The firm said it would also be transferring related technology for a consideration of Rs 0.03 crore.
 
“This business is a trading business, comprising buying selling of diagnostics equipment, serving large pathological laboratories. It does not form part of the core manufacturing activity of the company, nor does it involve any material patented products. It comprises a small portion (about 1%) of the company's consolidated business,” said Piramal Enterprises in a statement.