Pentax Medical acquires majority share in Simmedica

Pentax Medical has announced the acquisition of majority shares in Spanish medical technology firm Sistemas Integrales de Medicina, also known as Simmedica.

The company has purchased additional shares of Simmedica and now controls more than 90 percent of the business. This will substantially strengthen the organisation's capabilities in Spain and Portugal.

Simmedica provides the Spanish and Portuguese healthcare markets with endoscopy and surgery products and services, and has increased its sales volume considerably in the last few years.

Established in 2001, Simmedica was previously owned by four shareholders, of which Pentax Medical was already the largest.

Rainer Burkard, managing director of Pentax Europe and president of Pentax Medical in Europe, the Middle East and Africa, said: "We are eager to drive our growth and bring our market-leading products and services to as many customers in these countries as possible."

This comes after Pentax launched its new Optivista PK-i7010 Video Processor, an innovative tool for endoscopy applications, in Europe earlier this month.