Tuesday, 5 July 2016

Singapore's Temasek unit buys Malaysia's Aurum

Technology and engineering firm Accuron Technologies Ltd, a unit of Temasek Holdings (Pte) Ltd, has acquired a majority stake in medical devices maker Aurum Healthcare Sdn Bhd, according to Singapore’s Straits Times.

It was reported that this was the sixth medical technology-related deal for Accuron Medtech Group, a division within Accuron Technologies, in the last 2½ years.

Accuron Technologies, on announcing the deal yesterday, said in the report that its medtech division was set up to take advantage of opportunities in the global medtech market, which is projected to reach US$537bil by 2020.

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