BPL Medical Technologies acquires UK-based Penlon

BPL Medical is one of India’s largest medical device companies with over 300 staff and a nationwide distributor network.(Visual of company website via Livemint, September 2015)

Bengaluru-based BPL Medical Technologies Pvt. Ltd, a medical devices company backed by global investment bank Goldman Sachs, on Tuesday said it is acquiring UK-based medical devices manufacturer Penlon Ltd.

The firm did not disclose the value of the transaction.

Penlon is a global manufacturer of anaesthesia systems and vaporizers with a worldwide distribution network, BPL Medical said in a statement.

“Penlon’s product range complements BPL Medical’s existing portfolio and will help in expanding its presence in the critical care segment. Penlon will continue to be based and operated from the UK under the leadership of the existing management team,” the statement said.

BPL Medical expects the acquisition to help it penetrate the critical care segment.

“This acquisition will help us penetrate the large critical care segment in India with Penlon’s world-renowned, technology-driven an anaesthesia machines and vaporizers. BPL Medical will leverage Penlon’s R&D capabilities to develop many new products suitable for India and other emerging markets,” said Sunil Khurana, chief executive at BPL Medical.

Penlon’s global reach will help expand BPL Medical’s international presence, he added.

Penlon has a presence in the critical care segment with a footprint in 96 countries.

BPL Medical is one of India’s largest medical device companies with over 300 staff and a nationwide distributor network.

In 2013, Goldman Sachs invested Rs.110 crore in BPL Medical to fund the expansion of its medical devices business, Mint reported.

(This story was first published on livemint.com)

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

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