VC-backed Metamaterial buys U.K. wireless medical device maker
Metamaterial Technologies Inc (MTI), a Halifax-based smart materials and photonics company, has acquired Medical Wireless Sensing Ltd, a U.K. developer of wireless devices for medical diagnostics and monitoring. No financial terms were disclosed. MTI CEO George Palikaras said the deal provides his company with complementary advanced materials technology, intellectual property and new opportunities, including an ability to help design and develop low-cost, energy-saving medical equipment. Founded in 2011, MTI last year secured an $8.3 million Series A financing led by Radar Capital and joined by Innovacorp and others.
10 July 2018•3 mins read
