# Longreach Group acquires majority stake in Quasar Engineering

The Longreach Group completed the acquisition of a majority interest in Quasar Engineering Limited and QIL Engineering Limited, a CDMO for medical devices, from the founding family. The founding family retains a significant minority stake.

- Type: Acquisition
- Announced: 2019-04-02
- Where: Hong Kong, Hong Kong SAR China
- Status: completed
- Products: cardiovascular diagnostics and therapeutic catheters, high-precision medical products
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Longreach Group](https://endata.com/companies/38410.md) (acquirer)
- [Quasar Engineering](https://endata.com/companies/38411.md) (target)

## Sources

- [hkvca.com.hk](https://www.hkvca.com.hk/longreach-announces-closing-of-quasar-acquisition/), 2019-04-01: "Longreach today announced that it has completed the acquisition of a majority interest in Quasar Engineering Limited and QIL Engineering Limited"

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