AGIC Capital Invests in MedTech Contract Manufacturer AP Technologies
AGIC Capital has completed an undisclosed investment in AP Technologies, a Singapore-based emerging medical device contract manufacturer focusing on highly-engineered solutions for critical healthcare applications using the latest extrusion and catheter assembly processes, marking its first transaction in Asia with its Fund II.
AGIC is a growth-oriented private equity firm that invests in thriving middle-market businesses focused on advanced industrial and healthcare technologies in Europe & beyond, and the investment in AP Technologies marks another milestone in its continued development and expansion of geographic focus along the Europe-Asia axis.
Founded in 2013, AP Technologies is a leading contract manufacturer of medical tubing and catheters, specialising in the design, development and manufacture of complex medical extrusions and interventional catheters. The company serves a number of blue-chip customers in diagnostics, interventional cardiology, neurology and diabetes care and is poised to benefit from the structural growth of diagnostic and therapeutic solutions in these industries in Asia and globally.
Charles Tang, CEO and Co-Founder of AP Tech, commented: “We are thrilled to be partnering with AGIC as a leading life science investor to further grow our core business in medical tubing and catheter manufacturing. Their support will allow us to make key investments in enhancing our technological capabilities, while helping us to accelerate our global development strategy. We look forward to the next steps of a successful journey with the AGIC team.
Ken He, Director at AGIC, said, “We are very impressed with AP’s strong technical capabilities, focus on product quality, and proven track record in working with world-class customers and fulfilling their unique demands, which is reflected in the company’s impressive growth over the years. We look forward to contributing our capital and life science expertise to AP’s growth and expansion.”
AGIC Capital will work with the founders & management team to accelerate AP Tech’s growth globally and promote its medical tubing products and related services.
