Medical devices maker Trivitron Healthcare, on Wednesday, said that it has acquired US-based the Kennedy Company, a leading manufacturer of radiation protection X-ray shielding material and acoustic barrier products.
Trivitron didn’t disclose the financial details of the deal.
The acquisition will allow the Chennai-based Trivitron to get a 7 acres campus with 25,000 square feet of production space in Scottsboro, Alabama.
Trivitron said it intends to use the campus as the manufacturing hub for US operations.
“The campus will soon house multiple manufacturing and R&D facilities focusing on Trivitron’s core segments such as medical imaging, in vitro diagnostics, intensive care and cardiology equipment and consumables.
The Kennedy Company founded by physicist David Kennedy in 1976, who worked on developing innovative acoustic barriers for NASA.
“We intend to further strengthen the robust foundation created by
David Kennedy and his team with Trivitron’s global presence, infrastructure, and robust manufacturing,” said Commenting on the acquisition, GSK Velu, chairman & managing director of Trivitron.
Post integration, the new entity would become a part of Trivitron Healthcare Americas, operating as Kennedy Vinyl for the existing x-ray shielding and acoustic noise control business and Kennedy Radiology for radiation protection products manufactured in the US.
The organization would be led by Mr. Sesh Sarathy, who spearheaded Trivitron Group’s M&A efforts in North America, as president, sales and business development.
Trivitron has an active presence in over 180 countries, along with R&D and manufacturing presence in India, US, Finland, Turkey, China and Austria. The company manufactures medical imaging, in-vitro diagnostics, radiation protection, newborn screening, critical care and cardio-respiratory Solutions. Trivitron operates 15 manufacturing facilities across the world.
