# Cadwell Industries acquires Seer Medical in $40M rescue deal

US-based Cadwell Industries has acquired epilepsy treatment specialist Seer Medical in a $40 million rescue deal, with joint investment from Breakthrough Victoria and TrialCap. The deal includes Seer's Melbourne office and staff.

- Type: Acquisition
- Announced: 2025-04-16
- Where: Melbourne, Australia, Australia
- Value: $25.0M (40.0M AUD)
- Status: announced
- Products: long-term home EEG technology, neurodiagnostic equipment
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Cadwell Industries](https://endata.com/companies/52957.md) (acquirer)
- [Seer Medical](https://endata.com/companies/84201.md) (target)
- [Breakthrough Victoria](https://endata.com/companies/84202.md) (investor)
- [TrialCap](https://endata.com/companies/84203.md) (investor)

## Sources

- [businessnewsaustralia.com](https://www.businessnewsaustralia.com/articles/seer-medical-secures--40m-rescue-deal-from-us-group-cadwell-industries-and-breakthrough-victoria.html), 2025-04-16: "We are thrilled to welcome the Seer Medical team as a part of the Cadwell family as we continue our shared vision of empowering providers to help more patients worldwide."

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