Energist Medical Group buys part of Chromogenex to acquire i-Lipo technology

Energist Medical Group has bought part of Chromogenex Technologies after it recently went into administration.

Energist has acquired global rights outside the USA to the Chromogenex name and a range of well-recognised i-Lipo brands and products established by Chromogenex over the past decade. Energist is a leading player in the medical aesthetic equipment industry, manufacturing a range of plasma, laser and light-based products used for the removal of hair and the reduction of fine lines, wrinkles, acne and veins.

Max Humber, group CEO at Energist Medical Group, said, “Strategically, this deal is perfect for Energist. The products we’ve acquired from the Administrator are predominantly used for the non-invasive reduction of fat so they’re a perfect compliment to our existing product portfolio. By securing the R&D and IP rights to well established systems like i-Lipo, we’ll be able to fully exploit the surge in demand for laser-based procedures around the globe, especially in countries that are only just starting to embrace aesthetic treatments. Suppliers, customers, distributors and end users such as doctors and beauty clinics can rest assured that the i-Lipo products previously supplied by Chromogenex will still be available.”

The deal has the full backing of WestBridge Capital and Beaubridge Ltd, which funded a secondary buy out of Energist in 2012.