FX.co ★ Donaldson To Buy 49% Stake In Medica

Donaldson Company, Inc., renowned for its filtering products and solutions, declared on Monday that it has consented to purchase a 49% stake in Medica S.p.A. The financial specifics of the agreement have not been disclosed by Donaldson. Medica specialises in hollow fibre membrane filtration technology, which is extensively used in medical devices and water purification. In 2023, the company reportedly generated a revenue of 80 million euros.