# Mylab acquires majority stake in Sanskritech

Mylab Discovery Solutions has acquired a majority stake in Sanskritech, developer of the Swayam point-of-care testing system. The investment will be used to deploy POC labs from November 2021.

- Type: Acquisition
- Announced: 2021-08-28
- Where: India
- Status: announced
- Products: point-of-care diagnostic systems
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Mylab Discovery Solutions](https://endata.com/companies/57355.md) (acquirer)
- [Sanskritech](https://endata.com/companies/57356.md) (target)

## Sources

- [mylabglobal.com](https://mylabglobal.com/mylab-acquires-a-majority-stake-in-sanskritech/), 2021-08-28: "Mylab Discovery Solutions, India’s leading biotech company, has announced acquisition of majority stake in Sanskritech – the developer of Swayam, which is India’s first most advanced Point of Care Testing system with over 90 test parameters and telemedicine facility."

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