Opto Circuits India Ltd has informed that the company has successfully completed acquisition of Wisconsin based Criticare Systems Inc. ("Criticare"). Criticare Systems, Inc. will now onwards be a wholly owned subsidiary company of Opto Circuits India Ltd.

The acquisition has given access to the expanded product line and technology offered by Criticare Systems, which will allow Opto Circuits to enter new markets and compete more effectively with leading manufacturers of Vital Sign Monitors, Anesthesia Monitors, pulse Oximeters and Patient Monitors and accessories.

Bangalore-headquartered, Opto Circuits engages in the manufacture and marketing of health care and medical electronic products primarily in India, Europe, United States and rest of Asia.

The company has reported a 59% increase in net profit at Rs 31.55 crore for the quarter to December 2007. Its sales increased by 64% to Rs 90.43 crore.