~ This JV aims to reach 100 crores revenue within 3 years ~
New Delhi, Jan 28, 2015: Trivitron Healthcare, the largest Medical Technology Company of Indian origin in line with “Make In India” has announced a joint venture with the IMD group, Italy. The MOU was signed today for the joint venture in the name of Kiran IMD X Ray Private Ltd, to design/ develop and manufacture variety of X Ray Equipment and X-Ray accessories based out of its facilities in Chennai and Mumbai in India and Bergamo in Italy.
Trivitron healthcare holds 60% share while IMD group holds 40% share in the joint venture. This collaboration aims to reach 100 crs revenue within three years of its operation with X Ray Monobloc, X Ray Generators, High Frequency X Ray Machines, Mobile and Full Room Room DR, Digital OPG and Mobile Cathlab manufacturing in India.
Dr. GSK Velu, Founder and Managing Director of Trivitron Group of companies said, “This JV is in line with Trivitron’s philosophy of making state of the art technology accessible and affordable, to the larger section of population. We are also happy that this JV is being announced in Arab Health 2015, the world’s largest Medical Technology fair where Trivitron has been a significant partner for over 8 years now.”
“This is an exciting moment for Kiran Medical Systems as we move up in our value chain to provide more comprehensive product line to our channel partners and customers across the Globe. IMD and Kiran products are complimentary to each other and the JV will immensely benefit both companies.” said CEO of Kiran Medical Systems, Ramesh Modi.
Aliberti the CEO of IMD Group of Companies expressed, “Bringing Trivitron/ Kiran and IMD’s expertise and network together will ensure more comprehensive product offerings to the focus markets in a most cost effective basis.”
Trivitron offers 360 degrees solution in Laboratory Medicine, Imaging – Ultrasound Machine, Critical & Cardiac Care, Operating Room, and Ophthalmology along with providing expert consulting services. Trivitron’s vision is to manufacture the most innovative medical technology products, provide efficient services and solutions, to make Healthcare affordable & accessible to everyone across the globe. Trivitron’s aim is to enhance delivery of healthcare technology & services by combining local innovation, frugal engineering, partnership with MNC’s and global acquisition strategies. Trivitron’s subsidiary Kiran Medical Systems are the Global Leaders in x ray accessories and Radiation Protection Apparels market space and export their products to over 165 countries.
IMD group has been pioneers in the X-Ray space for over three decades with original innovation in X Ray Instruments and accessories technology. Through its group companies IMD Generators, Intermedical and Technix, IMD group has been in the forefront of Original X Ray technologies to manufacture X Ray Equipments like High Frequency X Ray Machines, High End C Arms, Mobile and Full Room DR’S, Cathlabs, Dental OPG etc and X Ray accessories like X Ray Generators/ X Ray Monobloc etc. Apart from selling finished goods in own brand name IMD has been providing OEM products to some of the TOP Imaging Multinational Companies.
This joint venture between Kiran and IMD ensures these high technology products will be now manufactured in India for making it accessible and affordable to larger section of population with special emphasis to emerging markets like South and South East Asia, Middle East and Africa, Eastern Europe and Latin America. Apart from manufacturing products like High End C-Arm, DR, High Frequency X Ray Machines, Mobile Cathlab, Digital OPG etc, and the JV will also produce Monoblocs/ Generators to be supplied to other X Ray Manufacturers across the world using Kiran’s Global Network.CCI Newswire