Israel’s Sisram Medical expands footprint in mainland China with acquisition.
Sisram Medical Ltd., a global leading innovator and provider of medical aesthetic devices, has announced that Alma Lasers (“Alma”), a wholly-owned company by Sisram, has reached an agreement to acquire the PRC leading energy-based devices distributor, PhotonMed International Limited (“PhotonMed”).
As part of the acquisition, Alma bought 60% of the business, becoming the major shareholder in the new joint venture.
The acquisition will strengthen Alma’s distribution channels and increase its profits by enabling direct sales of energy-based devices in the PRC market.
Arnon, Tadmor Levy advised the buyer, led by partner Micki Shapira assisted by Michael Horowitz, Moshe Pasker, and intern Eden Vishnievski, represented the client in this transaction.
On September 19, 2017, Sisram Medical went public, becoming the first Israeli company ever to trade on the Main Board of the Hong Kong Exchange.
