Larsen & Toubro (L&T) has agreed to sell its Mysore-based medical equipments’ division to Skanray Healthcare for an undisclosed amount.
K Law advised L&T with a team led by Managing Partner Naina Krishna Murthy along with Partner Praveen Raju, Associate Partner Sankar Swamy and Associate Aparnaa Bhalotia.
DSK Legal advised Skanray Healthcare with a team led by Partner Nirav Shah.
According to VCCircle, L&T established its medical equipment business in 1987 to expand into emerging areas with products like patient monitors, ECG machines, syringe pumps, anaesthesia delivery systems, ventilators, defibrillators, cardiac resuscitation systems, ultrasound and colour Doppler imaging, X-ray and C-Arm image intensifiers, hospital turnkey projects, telemedicine solutions and speciality ambulances.
Skanray Healthcare is a Mysore based company engaged in the business of diagnostic imaging products and primary healthcare devices.
Recently, Larsen & Toubro had sold its entire stake in L&T Plastic Machinery to Toshiba Machine of Japan. K Law advised L&T while Khaitan & Co acted as Indian legal Counsel to Toshiba Machine and Mori Hamada & Matsumoto acted as Japanese legal advisor.