Apax Partners and Fremman Capital-backed Palex Medical completed the acquisition of Duomed from G Square.

Apax Partners and Fremman Capital-backed Palex Medical, a medtech value-added distributor, completed the acquisition of Duomed, a medtech distributor, from G Square, a private equity firm. Financial terms were not disclosed. "This not only represents growth for Palex and Duomed, but also an opportunity for healthcare, science, and research professionals in each of these countries, as well as for our providers of technological innovations. As a pan-European leader in technological solutions for healthcare, science, and research, we would be better positioned than ever to collaborate with suppliers worldwide and offer them a partner with even broader knowledge and team,” Xavier Carbonell, Palex CEO.