A medical animation still of a stent. Credit: Scientifc Animation

Indian medical devices firm Sahajanand Medical Technologies (SMT) has acquired a majority stake in Brazil-based medical devices solution provider Zarek Distribuidora De Produtos Hospitalares for an undisclosed amount.

SMT made the acquisition through its Irish subsidiary.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Established in 2007, Zarek’s product portfolio includes interventional cardiology and endovascular products such as coronary and peripheral stents and drug-eluting balloons.

The acquisition forms part of SMT’s strategy to boost its market share in the Brazilian healthcare market.

Commenting on the deal, SMT corporate strategy head Gaurav Goel said: “The acquisition of Zarek is a step towards creating a direct presence in major markets across the globe.

“Brazil is the largest market in Latin America and is a key market for us. This acquisition would give SMT direct presence providing more flexibility in terms of customer service and engagement.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The firm also revealed plans to hire more staff to promote its fourth generation drug-eluting coronary stents Supraflex Cruz and Supraflex Star in Brazil.

Recently, SMT also received approval from the Brazilian medical device market regulator ANVISA for these products.

Zarek CEO Diego Mucelin said: “This partnership would help us to serve the entire Brazilian market more efficiently and quickly, providing the best medical devices care. I am sure that this step would turn us much stronger and competitive, creating more opportunities for business, jobs and international investments in Brazil.”

Through the acquisition, SMT is planning to cater to other Latin American countries that share land borders with Brazil, such as Argentina, Bolivia, Colombia, Guyana, Paraguay, Peru, Suriname, Uruguay and Venezuela.

As a member of the South American Common Market, Brazil has free trade agreements with most of these countries.