Patient monitoring systems manufacturer Opto Circuits (India) Ltd has informed Bombay Stock Exchange (BSE) that it bought US-based Unetixs Vascular Inc, a non-invasive vascular diagnostic systems manufacturer, for $9.7 million.
Unetixs Vascular designs and manufactures technically advanced US Food and Drug Administration (USFDA) approved non-invasive vascular diagnostic systems. The company is a specialist in the detection of peripheral arterial disease (PAD).
Opto Circuits will fund the acquisition through its internal accruals.
On Tuesday, Opto Circuits shares declined 2.8% to Rs256 on the BSE, while the Sensex closed 0.3% higher at 18,077 points.
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