# MicroPort acquires 51% stake in Argus Medical Technology

MicroPort Scientific Corporation's subsidiary Shanghai MicroPort Investment Holdings Co., Ltd. signed an agreement to acquire 51% equity in Suzhou Argus Medical Technology Co., Ltd. for a total consideration of RMB 372.3 million. The deal was announced on 29 October 2021.

- Type: Acquisition
- Announced: 2021-10-29
- Where: China
- Value: $58.0M (372.3M CNY)
- Status: announced
- Products: OCT systems, non-flush disposable imaging catheters
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [MicroPort Scientific Corporation](https://endata.com/companies/20849.md) (acquirer)
- [Suzhou Argus Medical Technology Co., Ltd.](https://endata.com/companies/58804.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/589189.html), 2021-10-29: "微创投资同意以人民币3.723亿元的总代价自阿格斯部分现有股东收购其所有持有的阿格斯38.33%的权益及向阿格斯新增注册资本。"

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