Caire Inc., a subsidiary of NGK Spark Plug Co. Ltd., has acquired MGC Diagnostics Corp., a developer, manufacturer and marketer of non-invasive diagnostic systems, from Altus Capital Partners.
MGCD, a provider in the global cardiorespiratory diagnostics sector, is headquartered in St. Paul, Minn. with additional facilities in Belgium, Germany, France and Australia. The company has a portfolio of products covering pulmonary function testing systems, cardiopulmonary exercise systems, spirometers, flow sensors, gas analyzers and associated consumables.
“The dedication of the management team along with the successful execution of various growth initiatives has allowed MGCD to double its revenues and earnings since our collaboration began in 2017,” comments Heidi Goldstein, partner of Altus Capital Partners. “It was a tremendous experience working with the talented management team of MGCD and look forward to seeing the company continue to thrive as part of Caire Inc.”