Tube Investments and Premji Invest completed the acquisition of Lotus Surgicals for $42m.

Tube Investments, an engineering and manufacturing company, and Premji Invest, a venture capital firm, completed the acquisition of Lotus Surgicals, a surgical products wholesaler, for $42m. “TII has an outstanding track record of incubating and scaling businesses across diverse sectors and creating stakeholder value through manufacturing and execution excellence. Premji Invest is pleased to deepen its partnership with TII through this med-tech platform. We believe the medical consumables market is attractive, and there is a unique opportunity to create a global platform that manufactures and distributes world class medical products by leveraging cutting edge technologies,” TK Kurien, Premji Invest CIO.