Norway: Observe Medical’s acquisition values Biim Ultrasound at Nkr185m

Observe Medical, a Nordic-based medtech company focused on developing and commercialising medtech products, has acquired Biim Ultrasound, a Norway-based medical ultrasound technology company, for approximately Nkr185m (US$21m). The transaction will be settled in cash of Nkr50m and shares. The acquisition is intended to strengthen Observe’s global medtech platform. Biim Ultrasound has developed a unique, wireless…