# Mezzan Holding acquires remaining 49% of JV for Medtronic/Covidien distribution rights in Kuwait

Mezzan Holding's subsidiary Jassim Al Wazzan Sons General Trading Company acquired the remaining 49% of a joint venture that holds distribution rights for Medtronic and Covidien products in Kuwait, for KD2.5 million. The acquisition gives Mezzan 100% ownership and full distribution rights.

- Type: Acquisition
- Announced: 2021-08-21
- Where: Kuwait, Kuwait
- Value: $8.25M (2.50M KWD)
- Status: completed
- Products: medical devices, insulin pumps, pacemakers, diabetes therapies
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Medtronic plc](https://endata.com/companies/19071.md) (target)
- [Mezzan Holding](https://endata.com/companies/57233.md) (acquirer)
- [Jassim Al Wazzan Sons General Trading Company](https://endata.com/companies/57234.md) (acquirer)
- [Covidien](https://endata.com/companies/57235.md) (target)

## Sources

- [mezzan.com](https://www.mezzan.com/news/mezzan-holding-acquires-remaining-shares-in-a-jv-giving-it-the-full-distribution-rights-of-medtronic-and-covidien-products-in-kuwait/), 2021-08-22: "This transaction will strengthen our presence in the Kuwait healthcare sector, as we continue to expand our healthcare capabilities and provide more cutting-edge and crucial products to our customers."

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