Singapore, Sept. 13, 2022 (GLOBE NEWSWIRE) —
Acquisition supplies Superior MedTech with an rising markets medical machine platform which aligns with China’s native medical machine manufacturing technique. It’s going to serve home demand in China, the world’s second largest and quickest rising healthcare market, and provide to different world rising markets.
Built-in urology chief Superior MedTech Holdings (AMTH or the Group) introduced the acquisition of a majority curiosity in WIKKON, the Chinese language market chief in urology and shock wave remedy gadgets. AMTH expects to amass the remaining shares of WIKKON by the top of 2022. Based mostly within the tech hub of Shenzhen, also referred to as China’s Silicon Valley, WIKKON specializes within the growth and manufacturing of options to deal with urological and orthopedic situations corresponding to kidney stones, erectile dysfunction and joint, muscle or tissue ache.
Established in 1996, WIKKON has the biggest put in base of over 6,000 urology therapy gadgets in China and powerful relationships with healthcare professionals. The acquisition will considerably strengthen AMTH’s direct presence in China.
Combining the German engineering energy of Dornier MedTech, AMTH’s wholly owned subsidiary, with the revolutionary capabilities of WIKKON, AMTH will have the ability to supply physicians entry to an expanded product portfolio and construct up a excessive potential platform for the event of a worldwide worth section in urology.
With China’s give attention to home sourcing for key medical gadgets and its sizeable home market, AMTH is well-positioned to serve the expanded wants of the world’s second largest and quickest rising healthcare market with deeper localization of R&D and manufacturing capabilities. WIKKON’s merchandise are in use throughout greater than 40 nations in Asia Pacific and the remainder of the world, giving AMTH a robust platform to raised serve the wants of worldwide rising markets from WIKKON’s base in Shenzhen.
Abel Ang, Group Chief Government of Superior MedTech, stated: “We at the moment are uniquely positioned to aggressively develop in China’s sizeable market, which is finest served by domestically produced gadgets. Superior MedTech’s built-in urology platform is accelerated by WIKKON’s important R&D, manufacturing, provide chain, and put in base of models. Our newly mixed portfolio will permit us to serve urology prospects in search of worth oriented options proper by means of to premium oriented prospects globally.”
Chen Ming, Founder and Chairman of WIKKON, stated: “We’re excited to develop into a part of the Superior MedTech group. By combining our experience on revolutionary expertise, analysis and attain, we will considerably broaden our options to healthcare professionals everywhere in the world.”
About Superior MedTech Holdings
Superior MedTech Holdings is a worldwide medical expertise chief with a core give attention to urology gadgets and contract manufacturing companies. The Group serves hundreds of thousands of sufferers and physicians in 100 nations worldwide. Superior MedTech Holdings makes strategic investments in disruptive medical expertise corporations, strengthening its portfolio of healthcare options for purchasers around the globe. Superior MedTech Holdings is an entirely owned subsidiary of Temasek.
For extra info, go to https://www.advanced-medtech.com.
About Dornier MedTech
Dornier MedTech is a medical machine firm headquartered in Munich, Germany, and is an entirely owned subsidiary of Superior MedTech. As pioneers of the shock wave lithotripsy technique and a pacesetter in urological care, Dornier is likely one of the most trusted names within the trade. By way of its deep-rooted spirit of entrepreneurship and excellence, Dornier continues to spearhead innovation in urology, creating among the highest high quality urological gadgets in the marketplace at this time. Given its huge array of purchasers, Dornier is main expertise and enhancing life throughout the globe.
For extra info, go to https://www.dornier.com.
WIKKON (Shenzhen Wikkon Precision Devices Co., Ltd.) is a Excessive and New Know-how Enterprise with medical machine analysis, engineering and manufacturing capabilities, based mostly in Shenzhen, China. Based in 1996, WIKKON is devoted to innovation within the discipline of Extracorporeal Shock Wave Lithotripsy (ESWL) for kidney stone removing, Extracorporeal Shock Wave Remedy (ESWT) for erectile dysfunction and joint ache reduction and Urology Imaging Desk for all-purpose of medical exams and procedures.
For extra info, go to https://eswl.com/
CONTACT: Media Contacts: Emma Thompson / Maryanne Lee Spurwing Communications +65 6751 2021 [email protected]