Japan's NGK Spark Plug to buy U.S. medical device maker - Nikkei Asia

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Auto parts supplier's MGC Diagnostics woody portion of propulsion to subdivision out

NGK, whose main concern is making automotive spark plugs, volition grow its aesculapian instrumentality operations with an acquisition of a U.S. company.

KANAME UMENO, Nikkei unit writerNovember 29, 2022 01:43 JST | Japan

TOKYO -- Japanese car parts shaper NGK Spark Plug said Monday that it volition acquisition MGC Diagnostics Holdings, a U.S. aesculapian instrumentality maker, successful a woody worthy $170.2 million.

NGK volition marque the acquisition done its U.S. subsidiary Caire, which produces oxygen concentrators. Once the transaction closes connected Dec. 30, MGC volition become a wholly owned subsidiary of Caire.

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