# MicroPort to invest up to €25.3M in Robocath for 23.19% stake

MicroPort Medical announced its subsidiary will invest up to €25.3 million in Robocath, a French vascular robotics company, for a 23.19% stake. The parties also plan to form a joint venture in China to commercialize Robocath's R-One system.

- Type: Investment
- Announced: 2020-04-23
- Where: France
- Value: $27.5M (25.3M EUR)
- Status: announced
- Products: vascular robotic system, R-One
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [MicroPort Medical](https://endata.com/companies/30166.md) (investor)
- [Robocath](https://endata.com/companies/46844.md) (target)

## Sources

- [zhitongcaijing.com](https://www.zhitongcaijing.com/content/detail/297521.html), 2020-04-29: "The investment and joint venture enable the Group to become a shareholder of Robocath, thereby promoting cooperation with Robocath to commercialize its highly innovative vascular robotic platform in the Chinese market."

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