# AorTech International to acquire RUA Medical Devices for £2.45M

AorTech International PLC entered a conditional agreement to acquire RUA Medical Devices Limited for £2.45 million, to be satisfied by £0.95 million cash and 1.5 million new shares. The acquisition will internalize manufacturing and the company will change name to RUA Life Sciences plc.

- Type: Acquisition
- Announced: 2020-03-11
- Where: Ayrshire, United Kingdom
- Value: $3.15M (2.45M GBP)
- Status: announced
- Products: implantable polymers, medical devices
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [RUA Medical Devices](https://endata.com/companies/45840.md) (target)
- [AorTech International](https://endata.com/companies/45842.md) (acquirer)

## Sources

- [investegate.co.uk](https://www.investegate.co.uk/announcement/rns/rua-life-sciences--rua/proposed-acquisition-of-rua-medical-name-change/5936659), 2020-03-11: "This deal is a perfect strategic fit for the Company providing the people, processes and premises to allow our world class polymers to be converted into medical device products."

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