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New Deal


Announced

Completed

Temasek-backed Advanced MedTech completed the acquisition of a majority stake in WIKKON.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
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EV/EBITDA-
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Tags

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Completed

shock wave therapy

Majority

Private

urology

Cross Border

Acquisition

China

Medical Equipment

Friendly

Single Bidder

Private Equity

Synopsis

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Temasek-backed Advanced MedTech, an integrated urology company, completed the acquisition of a majority stake in WIKKON, the Chinese provider of urology and shock wave therapy devices. Financial terms were not disclosed. "We are now uniquely placed to aggressively grow in China’s sizeable market, which is best served by domestically produced devices. Advanced MedTech’s integrated urology platform is accelerated by WIKKON’s significant R&D, manufacturing, supply chain, and installed base of units. Our newly combined portfolio will allow us to serve urology customers seeking value oriented solutions right through to premium oriented customers globally," Abel Ang, Advanced MedTech CEO.

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