Building a European Technological Champion in Medical Imaging through International Strategic Alliances

Kepler Cheuvreux Corporate Finance advised DMS Group, a listed European leader in digital medical imaging, on its landmark capital increase and strategic partnership with InnoLux Corporation (Taiwan), a global display and electronics technology leader, and its subsidiary InnoCare Optoelectronics Corporation, backed by Bpifrance and NextStage AM.

This transaction marks the first large-scale alliance between a European medical imaging company and listed Asian technology leaders, paving the way for vertical integration and unlocking strong synergies in R&D, sales, and manufacturing across Europe and Asia.

The capital increase also welcomed top-tier French institutional investors:

Bpifrance, the French sovereign investor, reaffirmed its long-term support to strengthen DMS Group’s national industrial base;
NextStage AM, a leading growth capital fund, joined the round to accelerate the emergence of a European industrial champion in medical imaging.

This transaction positions DMS Group as a strategic bridge between European healthcare innovation and Asian technological excellence, reinforcing its ambition to become a global reference in digital radiology.