# Ray acquires Chinese dental distribution company Beijing Shuga Medical Technology

Ray announced the acquisition of its Chinese sales partner, Beijing Shuga Medical Technology Co., Ltd., for KRW 25.5 billion. The company distributes dental medical devices in China and has 150 regional dealerships.

- Type: Acquisition
- Announced: 2022-07-21
- Where: China
- Value: $19.6M (25.5B KRW)
- Status: completed
- Products: digital X-ray imaging diagnostic equipment, CBCT scanners, dental medical devices
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Ray Co.](https://endata.com/companies/49703.md) (acquirer)
- [Beijing Shuga Medical Technology](https://endata.com/companies/64291.md) (target)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2022072114225772988), 2022-07-21: "Ray announced on the 21st that it has signed a contract to acquire its local Chinese sales partner, Beijing Shuga Medical Technology Co., Ltd., for 25.5 billion KRW."

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