Opto Circuits India Ltd has informed BSE that the Company has acquired a majority stake in Criticare Systems Inc. (AMEX:CMD). Upon the completion of the share transfer process, Criticare Systems will become a subsidiary of Opto Circuits.

Having access to the expanded product line and leading edge technology offered by Criticare Systems will allow Opto Circuits to enter new markets and compete more effectively with leading manufacturer of Vital Sign Monitors, Anesthesia Monitors, pulase Oximeters and Patient Monitors and accessories. In addition, the acquisition now adds anesthesia gas monitoring capability to Opto’s technology portfolio. Wisconsin based Criticare Systems has highly committed and motivated team in R&D and marketing to assure technological leadership.