ADVANCED MEDTECH ACQUIRES WIKKON, STRENGTHENING ITS MARKET LEADING POSITION IN UROLOGY MEDICAL DEVICES

Acquisition expands Advanced MedTech's urological market access in China via a comprehensive nationwide sales & service network and an established local R&D, manufacturing & supply chain ecosystem. Acquisition provides Advanced MedTech with an emerging markets medical device platform which aligns with China's local medical device manufacturing strategy. Integrated urology leader Advanced MedTech Holdings announced the acquisition of a majority interest in WIKKON, the Chinese market leader in urology and shock wave therapy devices. Abel Ang, Group Chief Executive of Advanced MedTech, said: "We are now uniquely placed to aggressively grow in China's sizeable market, which is best served by domestically produced devices. Advanced MedTech's integrated urology platform is accelerated by WIKKON's significant R&D, manufacturing, supply chain, and installed base of units. Our newly combined portfolio will allow us to serve urology customers seeking value oriented solutions right through to premium oriented customers globally." About Advanced MedTech HoldingsAdvanced MedTech Holdings is a global medical technology leader with a core focus in urology devices and contract manufacturing services. Advanced MedTech Holdings makes strategic investments in disruptive medical technology companies, strengthening its portfolio of healthcare solutions for customers around the world. About Dornier MedTech Dornier MedTech is a medical device company headquartered in Munich, Germany, and is a wholly owned subsidiary of Advanced MedTech.