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In’Tech Medical and Eurazeo Partner to Expand Global Footprint

In’Tech Medical announced a partnership with Eurazeo PME whereby Eurazeo acquired 80% of In’Tech Medical’s capital. This transaction, advised by Avicenne Medical, provides In’Tech with industrial expertise as well as financial and organizational resources that will support the company’s growing international footprint in the manufacture of orthopaedic surgical instruments. In’Tech expanded its geographic reach through the acquisition of Malaysia-based Ortho Solutions in 2016 and U.S.-headquartered Turner Medical in 2015.

In 2016, In’Tech’s revenues topped €55MM (~US $64MM) with an average annual growth rate of 15% over the past 15 years. The company derives two-thirds of its sales in the U.S. market. Eurazeo PME is an investment firm supporting French small and medium-sized enterprises with a value of less than $230MM through long-term, majority investments.

Sources: In’Tech Medical