Air Liquide, through its subsidiary Taema, has acquired Electrocare Systems and made its first healthcare acquisition in India - a Chennai-based company specialising in medical equipment for respiratory care.
India, as a colossal Asian market and country with a population of over one billion, is experiencing rapid growth in its health needs. Through the deal, the French gases giant will gain a foothold in this expansive market.
Based in Chennai (Madras), in the south of India, Electrocare manufactures respirators for intensive care and anaesthesia, as well as medical air generators. The company is also a distributor-partner of Taema, an Air Liquide subsidiary that specialises in such medical equipment.
As well as complementing the operations of Taema, the acquisition gives Air Liquide access to leading-edge expertise in India and provides a solid basis for the continuing development of its respiratory activities (medical gases and homecare) in the country, both in hospitals and in the home.
Jean-Marc de Royere, member of the Air Liquide Executive Committee, in charge of the Healthcare World Business Line, declared, “We look forward to contributing to the impressive modernization of India’s health system. This first medical acquisition in India prepares the way for the development of other medical activities in the country and prolongs the thrust into emerging economies, one of the group’s growth drivers.”
Electrocare is present in 1,500 Indian public and private hospitals and is the leader in intensive care in India. With around one hundred employees and 22 technical and sales agencies, Electrocare is recognised today for its quality of service, its professionalism and its contribution to the development of intensive care in India.