In a strategic step, medical device and technology provider Trivitron Healthcare has shown interest in Kiran Medical Systems. Though the business proposition involves a minor stake, the acquirer is quite positive about the venture.

Prior to this, Trivitron has had business collaboration with Hitachi Aloka Medical, which has a strong built up in ultrasound and colour Doppler technologies.

As the news is capturing the attention of one and all, market experts are of the view that this business association could put Trivitron in a strong position in the market of radiologists and cardiologists across the world. Even it could extend the market of Trivitron to South/ South-East Asia, West Asia and Africa where it has been trying to enter for a long time.

If things gone well, there is high possibility that Kiran's presence in the market of US, Europe, Japan & Latin America would open routes for Trivitron to explore.

However, this venture would make Mr. Ramesh Modi, CEO of Kiran Medical, as an independent director.

Expressing satisfaction over the report, Trivitron Healthcare Managing Director G S K Velu said: "Our strategic investment in Kiran Medical Systems will make us the most comprehensive product and solution provider in the country for medical imaging space".

While the exact worth of the stake is not yet confirmed, the transaction would involve a combination of cash component and a stock swap. Moreover, Trivitron would have to increase its shareholding over the next few years.