Acquisitions24 Sept 2025, 03:28 pm
Poly Medicure Ltd Acquires Citieffe Group for INR 324 Crores, Expanding into Global Orthopaedics Market
AI Summary
Poly Medicure Ltd, a leading Medical Device company in India, has announced the acquisition of Citieffe Group, a manufacturer specializing in the orthopaedic trauma and extremities segment. The acquisition, valued at INR 324 Crores (EUR 31 Million), provides Poly Medicure with an entry point into the large global orthopaedics market, particularly in the trauma and extremities segment. Citieffe generated revenues of EUR 17.3 million and EBITDA of EUR 3.1 million in CY 2024, reflecting year-on-year growth of 15% and 14% respectively. The strategic acquisition is expected to boost financial performance, expand product portfolio, and increase global presence.
Key Highlights
- Acquisition of Citieffe Group, a manufacturer specializing in the orthopaedic trauma and extremities segment
- Entry into the large global orthopaedics market, particularly in the trauma and extremities segment
- Revenues of EUR 17.3 million and EBITDA of EUR 3.1 million in CY 2024, reflecting year-on-year growth of 15% and 14% respectively
- Strategic acquisition expected to boost financial performance, expand product portfolio, and increase global presence
- Direct sales presence in Italy, USA, and Mexico, and distribution across 25+ countries