Published by Global Banking & Finance Review®
Posted on February 13, 2026
2 min readLast updated: February 13, 2026
Add as preferred source on Google
Alkem Laboratories will acquire a 55% stake in Occlutech Holding for €99.4M, enhancing its medical devices unit and expanding in Europe.
BENGALURU, Feb 13 (Reuters) - Alkem Laboratories' medical devices unit will buy up to a 55% stake in Switzerland's Occlutech Holding for 99.4 million euros ($118 million), the Indian pharma company said on Friday, marking its entry into advanced cardiovascular devices.
The deal, expected to close by June 2026 and subject to final agreements and regualtory approvals, will give Alkem MedTech access to high-value markets such as the United States, Japan, Germany and other Western European countries, Alkem MedTech Chief Executive Kaustav Banerjee said in a statement.
The global medical devices market size is projected to grow to over $1 trillion by 2034 from $604.99 billion in 2026, according to market research and consulting services firm Fortune Business Insights.
Alkem is India's fifth-largest listed pharmaceutical company in terms of market share.
Occlutech, the second-largest player in Europe's minimally invasive cardiac implants segment, posted a revenue of 49.4 million for 2025. It derives about 85% of its revenue from Europe and the U.S.
Alkem Laboratories also reported third-quarter consolidated net profit of 6.36 billion rupees, missing analyst estimates of 6.51 billion rupees, according to LSEG data.
Revenue rose nearly 11% to 37.37 billion rupees but fell short of estimates of 37.6 billion rupees.
Shares of the company settled 8% lower on the day.
($1 = 0.8430 euros)
(Reporting by Nishit Navin in Bengaluru; Editing by Sonia Cheema)
Equity represents ownership in a company, typically in the form of shares. When you own equity, you have a claim on a portion of the company's assets and earnings.
An acquisition occurs when one company purchases a controlling interest in another company. This can involve buying shares or assets to gain control and influence over the acquired company.
Investment refers to the allocation of resources, usually money, in order to generate income or profit. This can include purchasing stocks, bonds, real estate, or other assets.
A stake in a company refers to the ownership interest held by an individual or entity, often represented by shares. A larger stake typically means more influence over company decisions.
Explore more articles in the Finance category
