Poly Medicure acquires 90% stake in PendraCare Group for ₹188.5 crore

Poly Medicure Ltd acquired a 90% stake in Netherlands-based PendraCare Group from Wellinq Holdings BV at an enterprise value of ₹188.5 crore (€18.3 million). The balance 10% will be acquired in 2030.

“This acquisition brings us a valuable, made-in-Europe cardiology consumables business with FDA and CE-marked products and long-term relationships with global OEMs.”thehindubusinessline.com

• 1 source
• thehindubusinessline.comPoly Medicure acquires Netherlands’ PendraCare Group for ₹188.5 cr to boost global cardiology business - The HinduBusinessLineBL New Delhi BureauSep 3, 2025

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