Advanced MedTech Acquires Vikcon, Strengthens Its Market Leading Position in Urology Medical Devices

advanced medtech

advanced medtech

SINGAPORE, 13 September 2022 (Globe Newswire) —

  • The acquisition provides advanced MedTech with an emerging market medical device platform that aligns with China’s local medical device manufacturing strategy. It will meet domestic demand in China, the world’s second largest and fastest growing healthcare market, and supplies to other global emerging markets.

Integrated urology leader Advanced MedTech Holdings (AMTH or Group) announced its acquisition of a majority stake in Viccon, the Chinese market leader in urology and shock wave therapy devices. AMTH expects to acquire the remaining shares of Viccon by the end of 2022. Located in the tech hub of Shenzhen, also known as the Silicon Valley of China, Viccon specializes in developing and manufacturing solutions to treat urological and orthopedic conditions such as kidney stones. Erectile dysfunction and pain in the joints, muscles or tissues.

Established in 1996, Viccon has the largest installed base of over 6,000 urology treatment equipment in China and strong relationships with healthcare professionals. The acquisition will significantly strengthen AMTH’s direct presence in China.

Combining the German engineering strengths of Dornier MedTech, a wholly owned subsidiary of AMTH, with Viccon’s innovative capabilities, help provide AMTH practitioners with access to an expanded product portfolio and create a high potential platform for growth in the global value segment. would be able. Urology.

With China’s focus on domestic sourcing for key medical devices and its large domestic market, AMTH is able to meet the expanding needs of the world’s second largest and fastest growing healthcare market with intensive localization of R&D and manufacturing capabilities. Well positioned for WIKKON’s products are in use in over 40 countries in Asia Pacific and the rest of the world, giving AMTH a strong platform to better meet the needs of global emerging markets from WIKKON’s base in Shenzhen.

Abel Ang, Group Chief Executive, Advanced MedTech, said: “We are now uniquely positioned to aggressively grow into the larger market of China, best served by domestically produced equipment. Advanced MedTech’s integrated urology platform is integrated with Viccon’s critical R&D, manufacturing, The supply chain and established base of units has been accelerated.Our newly combined portfolio will allow us to serve Urology customers seeking value oriented solutions through premium oriented clients globally.

Chen Ming, founder and president of Vicon, said: “We are excited to be part of the advanced MedTech group. By combining our expertise on innovative technology, research and access, we will be able to expand our solutions to healthcare professionals around the world.”


About Advanced Medtech Holdings
Advanced MedTech Holdings is a global medical technology leader with a core focus in urology equipment and contract manufacturing services. The group serves millions of patients and physicians in 100 countries around the world. Advanced MedTech Holdings makes strategic investments in disruptive medical technology companies, strengthening its portfolio of healthcare solutions for clients around the world. Advanced MedTech Holdings is a wholly owned subsidiary of Temasek.
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About Dornier MedTech
Dornier MedTech is a medical device company headquartered in Munich, Germany and a wholly owned subsidiary of Advanced MedTech. As a pioneer of shock wave lithotripsy and a pioneer in urological care, Dornier is one of the most trusted names in the industry. Through its deep sense of entrepreneurship and excellence, Dornier continues to lead innovation in urology, developing some of the highest quality urological devices on the market today. Serving its vast array of customers, Dornier is leading the way in leading technology and life improvements across the globe.
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About Vikcon
Vikcon (Shenzhen Vikcon Precision Instruments Co., Ltd.) is a high and new technology enterprise with medical device research, engineering and manufacturing capabilities, located in Shenzhen, China. Established in 1996, WIKKON Extracorporeal Shock Wave Lithotripsy (ESWL) for Kidney Stone Removal, Extracorporeal Shock Wave Therapy (ESWT) for Relief of Erectile Dysfunction and Joint Pain and Fields of Urology Imaging Table for All Purpose of Medical Examinations is dedicated to innovation. and processes.
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CONTACT: Media Contacts:  Emma Thompson / Maryanne Lee  Spurwing Communications   +65 6751 2021

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