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Zydus to buy 86% stake in French medical devices maker
Hindustan Times West UP
|March 12, 2025
Zydus Lifesciences said on Tuesday it will acquire an 85.6% stake in France's Amplitude Surgical for 256.8 million euros (nearly $280 million) as part of its plans to expand further in the global medical devices market.
The acquisition, which is a nearly 81% premium to Amplitude's last close, comes as India's pharmaceutical industry is bracing itself for US President Donald Trump's plans to tax pharmaceutical imports.
The United States is Zydus Lifesciences's biggest market, accounting for 47% of total revenue, followed by India.
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