Vimian Group (Movora) Acquires New Generation Devices (NGD) Assets
August 4, 2022
Vimian Group’s MedTech segment Movora has acquired the assets of New Generation Devices (NGD), a New Jersey-based veterinary orthopedic implants business, and an exclusive veterinary license to the Citrate-BP biomaterial. The acquired business generates about USD 4.5 million in annual revenue and the deal was consolidated into Vimian’s MedTech segment on 1 August; Vimian said the acquisition is a strategic fit with clear synergy potential.
- Buyers
- Vimian Group, Movora
- Targets
- New Generation Devices (NGD)
- Industry
- Veterinary
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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