Germany: China-based MicroPort acquires Hemovent for up to €123m

Global medical device developer and manufacturer, MicroPort, headquartered in Shanghai, China, has acquired 100% of the equity held by existing shareholders of Hemovent in a transaction that could reach a total cash consideration of €123m (US$142.7m), subject to certain targets being reached. Hemovent, established in Aachen, Germany, is a medical device company specialising in the…