Fotona Expands into China and Asia with AGIC Acquisition
AGIC is an Asia-Europe cross-border growth equity firm and Fotona is a European manufacturer of high performance lasers for medical, dental and aesthetic applications. Founded in 1964, Fotona is one of the leading manufacturer of medical, dental and aesthetic laser applications across Europe and the United States.
“Fotona has seen exceptional growth in Europe and the U.S. Its largest market, and has a strong track record for delivering innovative product lines,”. “China is now the fastest growing market for medical and aesthetic lasers. With our support, the business will be well positioned to become a leading brand across Asia.”
Fotona plans to accelerate growth in China with elevated marketing efforts. China’s domestic distribution network growth, and going thru CFDA regulatory clearances.
With its US$1B fund at hand, AGIC acquires international small- and mid-cap companies in the areas including medical technologies and accelerate their expansions into the fast-grown Asian markets, especially China.
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