Avingtrans has announced that its two medical businesses – Scientific Magnetics and Tecmag – are to merge with Magnetica Limited, an Australian medtech and engineering business specialising in next generation MRI technologies. The transaction, which is subject to Magnetica shareholder approval at a General Meeting on 29th January 2021, supports Avingtrans’ ambitions to become a leading systems integrator for small scale, cryogen free MRI in a variety of niche markets. There is a substantial mark ....
06 Jan 2021
Acquiring a majority holding in merged Medtech JV
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Acquiring a majority holding in merged Medtech JV
Avingtrans plc (AVG:LON) | 405 0 0.0% | Mkt Cap: 134.0m
- Published:
06 Jan 2021 -
Author:
Richard Hickinbotham -
Pages:
3
Avingtrans has announced that its two medical businesses – Scientific Magnetics and Tecmag – are to merge with Magnetica Limited, an Australian medtech and engineering business specialising in next generation MRI technologies. The transaction, which is subject to Magnetica shareholder approval at a General Meeting on 29th January 2021, supports Avingtrans’ ambitions to become a leading systems integrator for small scale, cryogen free MRI in a variety of niche markets. There is a substantial mark ....