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Degania Silicone Announces the Acquisition of Controlling Interest in Biometrix
Degania Silicone Ltd., a leading OEM manufacturer of silicone products for the medical device industry, announced today that has reached an agreement to acquire a controlling interest in Biometrix Ltd., a privately-owned, Jerusalem based, leading developer, manufacturer and marketer of medical devices for use in operating rooms, ICUs and interventional cardiology procedures. The acquisition is expected to close in the coming weeks. Along with its acquisition of Arthesys SAS (Paris, France) in 2010, this transaction represents further execution upon Degania’s strategic plan to create a strong worldwide player specializing in the development and supply of Indwelling Medical Catheters and other specialized medical devices to the health care industry.
By joining forces with Degania, Biometrix will be able to offer expanded product lines and more complete solutions to its customers worldwide. Mr. Yair Mendels, founder of Biometrix, will continue to serve in his capacity as chief executive officer and director of product development at Biometrix.