(Alliance News) - Medica Spa on Wednesday evening announced that its subsidiary Medica USA Inc has signed a definitive agreement with Evoqua Water Technologies, a company active in mission-critical water treatment solutions, to buy assets to produce blood filters and water filters.

Evoqua will retain the distribution rights to the water filtration product line, including life-science filters and filters used in endoscope washing (AER). The transaction is expected to close in the next 30-60 days.

Luciano Fecondini-president and CEO of Medica-commented, "This transaction represents a key step in Medica USA's strategic growth as a manufacturer of blood and water filters and provides for long-term cooperation with Evoqua in the water filter business based on the acquired technology."

Medica closed Wednesday's session flat at EUR24.20 per share.

By Maurizio Carta, Alliance News reporter

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