Evolution Medtec Srl

Based in Bucharest, Romania, and founded in 2004 by Dan Negrea, Evolution Medtec Srl, a. k. a. Evolution Medtec operates as a medical devices company that focuses on the development and assembly of advanced medical devices.

In February 2024, Cicor Management AG, a portfolio company of One Equity Partners, fully acquired Evolution Medtec Srl. Evolution Medtec develops a range of medical devices, including Class III implants, biometric systems, therapy devices, and acoustic solutions. The company’s implant devices feature mechanical and PCB design for miniaturized, remote-controlled systems, including an RF antenna circuit and patient interface. The firm’s biometric systems support precise biomonitoring, developed collaboratively with industrial designers and subcontractors.

Evolution Medtec’s therapy devices offer intensity control via Bluetooth and smartphone integration, including industrialization support. Additionally, Evolution Medtec's acoustic solutions provide durable, IP67-rated audio devices with multi-microphone processing for loud environments, facilitating secure professional communication. The revenue model for Evolution Medtec primarily revolves around direct sales of medical devices to healthcare providers and institutions. This model is complemented by additional revenue from partnerships and long-term supply agreements with hospitals and clinics.