Tecmag

Activity by year

201820192020202120222023202420252026

Acquisition

Jan 5, 2021ACQUISITIONAustralia, Australia$4.40M
Avingtrans to acquire majority stake in Magnetica via merger of Scientific Magnetics and Tecmag
Avingtrans announced that its subsidiaries Scientific Magnetics and Tecmag will merge with Australian medtech company Magnetica Limited. Avingtrans will become majority shareholder (58.4% initial, rising to 59.0% after AUD$0.6m cash contribution) and invest up to £3.2m for new MRI product development. Completion is subject to Magnetica shareholder approval on January 29, 2021.
Avingtrans acquirer Tecmag target Scientific Magnetics target Magnetica Limited target #Medical Devices avingtrans.plc.uk
Oct 24, 2018ACQUISITIONHouston, Texas, United States$243K
Avingtrans acquires Tecmag for $243k
Avingtrans acquired 100% of Tecmag, Inc., a Texas-based designer and manufacturer of instrumentation for MRI and NMR systems, for a total consideration of $243k including debt assumption.
Avingtrans acquirer Tecmag target #Medical Devices #Semiconductors and Industrial Electronics avingtrans.plc.uk

Acquired by

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