# Promimic and Danco Medical form joint venture for US medical implant processing

Promimic, a portfolio company of Karolinska Development, formed a joint venture with Danco Medical called Nano Processing for processing medical implants in the US market. Promimic acquired 60% of the joint venture for USD 417,750 in cash and USD 1,350,000 in newly issued shares, completed on July 21, 2022.

- Type: Acquisition
- Announced: 2022-07-21
- Where: United States
- Value: $1.77M
- Status: completed
- Products: HA nano Surface treatment for orthopedic and dental implants
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Promimic](https://endata.com/companies/64312.md) (acquirer)
- [Danco Medical](https://endata.com/companies/64313.md) (partner)
- [Nano Processing](https://endata.com/companies/64314.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2022/07/22/2484218/0/en/Karolinska-Developments-portfolio-company-Promimic-and-Danco-Medical-form-a-joint-venture-for-the-US-market.html), 2022-07-22: "Promimic's intensified collaboration with Danco Medical is a strategically important step for increased growth"

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