- LRE Medical is based in Nördlingen, Germany
- AIS Global is a designer and manufacturer of human-machine interface (HMI) products for original equipment manufacturers globally
- Gyrus Capital is a European investment firm that focuses on the healthcare and sustainability sectors
Gyrus Capital has agreed to acquire LRE Medical, a provider of complex devices and analytical instruments for the life sciences industry, from AIS Global.
No financial details of the transaction were disclosed.
LRE Medical is based in Nördlingen, Germany and employs over 250 people.
“LRE Medical has an excellent reputation and has successfully established themselves as the market leader in complex point of care diagnostics,” said Dr Robert Watson, managing partner at Gyrus Capital.
The transaction is expected to be completed in the third quarter of 2023, subject to regulatory approvals.
AIS Global acquired LRE Medical in 2004, and AIS was acquired by KPS Capital Partners in 2019.
Gyrus Capital is a European investment firm that focuses on the healthcare and sustainability sectors. The firm is based in Geneva, Switzerland.
AIS Global is a designer and manufacturer of human-machine interface (HMI) products for original equipment manufacturers globally in the medical, commercial, industrial, and gaming end-markets. The company is based in Coeur d’Alene, Idaho.
KPS Capital is an investment firm with around $14.9 billion assets under management as of 31 December 2022. The firm is based in New York.