KUALA LUMPUR (June 19): LKL International Bhd has signed distribution agreements with both Germany-based manufacturer SECA GmbH & Co KG (SECA) as well as local company Meditop Corp (Malaysia) Sdn Bhd to distribute their medical devices.

In a statement, LKL said the agreement with SECA was inked via its wholly owned LKL Advance Metaltech Sdn Bhd, while the deal with Meditop was entered into via LKL's wholly owned Medic Gen Sdn Bhd.

SECA is a market leader in the international medical manufacturing industry, commanding an impressive 60% of market share globally, said LKL in a statement. "This collaboration will strengthen LKL's healthcare portfolio, given SECA's position as a leading manufacturer and distributor of innovative devices for precise patient measurements, such as medical scales and body composition analysers," LKL said.

The agreement with Meditop or MTop, meanwhile, will allow LKL to distribute the TOP brand of medical devices in West Malaysia. "The TOP brand is a well-established and recognised brand in the medical device industry and is among the top three brands in Japan," LKL said.

According to LKL, these two strategic partnerships not only pave the way for a positive impact on the group's financial performance in the future but also provide avenues for diversifying LKL's product offerings.

"Aligning ourselves with market leaders and powerful brands like SECA and MTop enables us to diversify and strengthen our product suite while extending our footprint in the healthcare sector. This strategic move is designed to reinforce our financial performance and stimulate our expected customer base expansion across Malaysia," said LKL International executive director Zulkarnin Ariffin.

Both agreements are designed to complement LKL's existing operations within the healthcare sector, the statement read.

“The group anticipates an increase in the number of distributorships with similar arrangements for medical equipment in the foreseeable future. This is in line with the growing demand for these medical devices,” Zulkarnin added.

LKL International shares on Monday (June 19) closed at 15.5 sen, gaining half sen or 3.3%, valuing the company at RM60.2 million.