Acquisitions24 Sept 2025, 02:08 pm
Poly Medicure Acquires Citieffe Group for $100 Million
AI Summary
Poly Medicure Ltd, a leading medical devices manufacturer, has approved the acquisition of Citieffe Group through its wholly owned subsidiary, Poly Medicure B.V. The deal is valued at approximately $100 million and includes the acquisition of ordinary shares of Medistream SA, Switzerland, and its wholly owned subsidiaries Citieffe SRL, Italy, Citieffe Inc, USA, and Citieffe De, Mexico. Post-acquisition, Poly Medicure will own 100% stake in the Citieffe Group. The acquisition is expected to strengthen Poly Medicure's global presence and product portfolio.
Key Highlights
- Poly Medicure to acquire Citieffe Group for approximately $100 million
- Acquisition to be done through Poly Medicure B.V., a wholly owned subsidiary
- Citieffe Group includes Medistream SA, Switzerland, and its subsidiaries in Italy, USA, and Mexico
- Post-acquisition, Poly Medicure will own 100% stake in the Citieffe Group
- Acquisition expected to strengthen Poly Medicure's global presence and product portfolio