Skanray Healthcare, a subsidiary of Skanray Technologies, has acquired Larsen & Toubro's ( L & T) Mysore-based medical equipment business for an undisclosed sum.
The acquisition enables Skanray to leverage its expertise in product performance and quality and expand its primary healthcare business.
Skanray Technologies managing director Vishwaprasad Alva said, "Having both the facilities located in Mysore brings the combined advantage of tier 2 city costs and world class technologies that both companies are proud of."
Together, both the companies will provide various medical devices to the domestic customers.
The new entity, in future, will design and manufacture echo color doplor ultrasound, Critical care devices, total hospital solutions including telemedicine and S/W, mobile hospitals and ICU turnkey projects with comprehensive 5 ~ 10 year total cost of ownership packages.