#Asia Temasek-owned Accuron Technologies acquires medtech startup to make plastic medical consumables


The acquisition of Aurum Healthcare will mark Accuron’s sixth investment in a medtech company in the last two and a half years

Accuron Technologies

Temasek Holdings-owned Singapore-based technology and engineering company Accuron Technologies has announced its has acquired Malaysia-based medtech company Aurum Healthcare .

This marks the six medtech acquisition that Accuron Medtech Group — a division within the Accuron Technologies — has made in the last two and a half years. It will allocate Aurum position under Advanced Materials Technologies (AMT), a Singapore-based contract manufacturer which focusses on the medical, automotive, and industrial industries.

AMT will now be able to use Aurum’s 20,000 sqft facility at the Setia Business Park, in Johor Bahru, Malaysia, to manufacture plastic medical consumables — such as such as those used in heart bypass, catheterisation or angiography procedures. Currently, AMT already has 120,000 sqft facilities located in Tuas, Singapore and Dongguan City, China.

Aurum will also provide sterilistation services for medical devices and instruments, as well as clean room manufacturing and assembly services to AMT.

Also Read: 3 tips to build a successful medtech business

“Our operating businesses provide therapeutic, diagnostic and medical device solutions to customers internationally through our direct presence in the US, Europe, China, Japan and Singapore. By adding a commercial and manufacturing presence in Malaysia through Aurum, we believe this deal will be beneficial for our group operating companies. Accuron Medtech companies can leverage upon each other’s capabilities, networks and expertise in order to maximise their market and technology reach,” said Mr Abel Ang, Group Chief Executive Officer, Accuron Medtech.

Aurum was founded in 2011, and focusses on developing products for cardiovascular, orthopaedics, anaesthesiology, nephrology and critical care applications.

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