(Alliance News) - Medica Spa has announced that its subsidiary Medica USA Inc has finalized an asset purchase agreement with Evoqua Water Technologies, a leading company in mission-critical water treatment solutions, 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 acquisition of these assets allows Medica to use its strong expertise in the design and manufacture of hollow fiber membranes and filters to increase its product portfolio and continue to bring quality products to the U.S. and international markets, in line with its geographic expansion strategy for its business," the company explained in a note.

On Friday, Medica closed flat at EUR22.45 per share.

By Claudia Cavaliere, Alliance News reporter

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