# 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.

- Type: Acquisition
- Announced: 2025-09-03
- Where: Netherlands
- Value: $22.5M (188.5M INR)
- Status: announced
- Products: cardiology catheter solutions, guiding catheters, diagnostic catheters
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Wellinq](https://endata.com/companies/71151.md) (partner)
- [Poly Medicure Ltd.](https://endata.com/companies/80398.md) (acquirer)
- [PendraCare Group](https://endata.com/companies/87065.md) (target)

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/poly-medicure-acquires-netherlands-pendracare-group-for-1885-cr-to-boost-global-cardiology-business/article70008851.ece), 2025-09-03: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.