Giskit MD, owned by Giskit Holding, an affiliate of IQ Medical, was valued at about EUR 30 million by the parties, payable upon the signing of the agreement, Richter said.
Giskit MD owns ExEm Foam, used during Hysterosalpingo Foam Sonography, and GIS-kit, a procedure pack for performing gel-ultrasounds. The products have been sold for several years in more than 40 countries.
Richter CEO Gábor Orbán said the acquisition was a "perfect fit" for Richter's specialty strategy by expanding its in vitro fertilization portfolio.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
