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Joint venture to result in design and development of breakthrough range of X-Ray equipment and accessories
Trivitron Healthcare, the largest Medical Technology Company from India, has entered into a Joint Venture Agreement (JVA) with IMD Generators - Italy at this year's edition of Arab Health, the world's largest Medical Technology fair, which opened today (January 26, 2015) and will run until January 29, 2015 at the Dubai International Convention and Exhibition Centre (DICEC). The strategic new partnership has resulted in the creation of Kiran IMD X Ray Private Ltd., which is expected to take the lead in the design and development of groundbreaking X-Ray equipment and accessories. The new entity will be operating from its facilities in Chennai and Mumbai in India and also in Bergamo, Italy. The Trivitron Stand at Arab Health 2015 is located at Stall Number CC147, Hall 5-8 Concourse Area, DICEC.
With the new JVA, Trivitron will now be able to increase its product offering to the UAE segment, which will include a complete range of high frequency X-Ray machines, C Arms, Digital OPG and Mammography and Mobile/ Full Room Cath Lab segments. Furthermore, the agreement will also allow Trivitron to market products manufactured in both Italy and India across the entire Middle East and African region. Star Trivitron LLC, UAE, is the local subsidiary of Trivitron Healthcare and is the market leader in the Computed Radiography (CR), Digital Radiography (DR), PACS, Radiation Protection Apparels and Ultrasound Gel segments. The subsidiary's training and development centre at Dubai Healthcare City will act as the support hub for Kiran IMD X Ray.
According to industry experts, the signing of the new JVA proves to be very timely and strategic, as it ensures that high technology X-Ray products will now be manufactured in India-- making it accessible and affordable to emerging markets like South and South East Asia, Middle East, Africa, Eastern Europe and Latin America. Apart from manufacturing products like High End C-Arm, DR, High Frequency X Ray Machines, Mobile Cathlab and Digital OPG, Kiran IMD X Ray Private Ltd will also produce Monoblocs/ Generators that will be supplied to other X Ray Manufacturers across the world using Kiran's Global Network.
"This JV falls in line with Trivitron's philosophy of making state-of-the-art technology accessible and affordable, to a larger global population," said Dr. GSK Velu, Founder and Managing Director of Trivitron Group of companies. "We are also happy that this JVA is being announced in Arab Health 2015, the world's largest Medical Technology fair where Trivitron has been a significant partner for the last eight years now."
Trivitron offers a 360 degrees solution in Laboratory Medicine, Imaging - Ultrasound Machine, Critical & Cardiac Care, Operating Room, and Ophthalmology along with providing expert consulting services. The company's vision is to manufacture the most innovative medical technology products, provide efficient services and solutions and to make Healthcare affordable and accessible to everyone across the globe. Trivitron's aim is to enhance delivery of healthcare technology and services by combining local innovation, frugal engineering, partnership with MNC's and global acquisition strategies. In addition, Trivitron's subsidiary, Kiran Medical Systems, are the Global Leaders in X-Ray accessories and radiation protection apparels market space--exporting their products to over 165 countries.
"This is an exciting moment for Kiran Medical Systems as we move up in our value chain to provide more a comprehensive product line to our channel partners and customers across the Globe. IMD and Kiran products greatly complementary each other and this new partnership will immensely benefit both companies," said Ramesh Modi, CEO, Kiran Medical Systems.
"The creation of this new company is truly a win-win situation that proves to be highly advantageous for both parties. 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," concluded Aliberti, CEO, IMD Group of Companies.
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 of companies--IMD Generators, Intermedical and Technix--the IMD group has been in the forefront of Original X-Ray technologies to manufacture X-Ray Equipment 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. IMD has also been providing OEM products to some of the top imaging multinational companies.
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About Trivitron Healthcare
Trivitron Healthcare has grown leaps and bounds since its inception in 1997. Crossing a new milestone each year, the trail blazing achievements of Trivitron has gradually revolutionized medical technology in India and abroad and has propagated the company as one of the most renowned medical device companies in the world. Today, Trivitron is the largest Medical Technology Company of Indian origin, offering 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 Healthcare continues to churn out innovative inventions to challenge existing paradigms of medical technology and build scalable, affordable solutions that can be accessed by populations of all socio - economic strata around the world. Through 8 manufacturing facilities spread across Chennai, Mumbai, Pune and Helsinki in collaboration with international partners, Trivitron Healthcare is one of the major medical device companies that manufactures products across In-Vitro Diagnostics (IVD), Imaging -Ultrasound Machine, Intensive Care and OT that are approved by US FDA and CE.
For further details, please contact- groupmarketing@trivitron.com or amit.arora@trivitron.com
www.trivitron.com.
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© Press Release 2015
