GS Selected as Preferred Negotiation Partner for Acquisition of Oral Scanner Company Medit
[Asia Economy Reporter Jeong Dong-hoon] GS announced on the 25th that a consortium including the company has been selected as the preferred negotiator for acquiring shares of the domestic dental oral scanner company 'Medit'.
The company stated, "We plan to proceed with negotiations for the signing of the main contract, and no specific details regarding the final acquisition have been confirmed," adding, "We will re-disclose once specific details are finalized or within one month."
According to the industry, the acquisition amount for Medit is known to be in the 3 trillion KRW range, with the GS Corporation and Carlyle consortium and the global PEF KKR participating in the bidding.
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Founded in 2000, Medit is a company possessing domestic native 3D dental oral scanner technology. It was founded by Professor Jang Min-ho of Korea University’s Department of Mechanical Engineering, who graduated from the Massachusetts Institute of Technology (MIT). Later, Unison Capital acquired 50% plus one share of the shares for about 320 billion KRW at the end of 2019, taking over management rights.
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