Skanray Technologies, a medical equipment manufacturing Company based in Mysore, acquired Larsen & Tourbo’s healthcare business earlier this year. Skanray was founded by a team of 40 medical technologists and engineers and manufactures high-frequency X-ray machines and other medical devices. TThe company has a manufacturing facility at Mysore, India but is also setting up assembly plants in Brazil and West Asia. Skanray is wholly-owned by promoters and angel investors, which includes Arun Kumar, a Bangalore-based entrepreneur.
While Skanray has largely been an exporter, the company now plans to take advantage of L&T’s distribution presence across India to widen its reach. A joint venture agreement with a global partner for ultrasound machines is also planned.
