Rangatira acquires 12 percent stake in magnetic resonance company Magritek

Thu, 18 Jul 2013

By Peter Kerr July 19 (BusinessDesk) - Magritek, which makes magnetic resonance imaging and nuclear magnetic resonance devices, has attracted Wellington-based investment group Rangatira as an investor. Rangatira has taken a 12 percent stake in the manufacturer and marketer of benchtop NMR and MRI instruments for an undisclosed sum, with the option of increasing to 18 percent in a year’s time with further investment. MRI uses strong magnets and the resulting interpreted signals to determine the internal properties of objects, including human...

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