Draft:Semetron AS

Semetron AS is an Estonian company specializing in medical equipment. Semetron sells, services and repairs medical equipment and devices. AS Semetron aims to provide treatment providers with cutting-edge and modern medical equipment. AS Semetron was founded in 1992, representing more than 30 years of experience in the field of medical equipment.

The name of the company is derived from the Estonian words Saksa (S) [“German”], Eesti (E) [“Estonian”], MEditsiiniTehnika (MET) [“medical equipment”] and RONtgen (RON) [“X-ray”].

Foundation and history
Semetron was founded by German and Estonian entrepreneurs on 8 April 1992. The share capital amounted to 12.6 million rubles. The initial owners on the Estonian side were Alvar Kaur, Tiia Kaur, Dr. Toomas Adams, Haimar Soosalu, Raivo Ratasepp and Ülo Treial. The German shareholders were Erich Behr and Wolfgang Weber Hoffmann as owners of Meditronic and Edmund Nagel of Nagel&Goller.

Alvar Kaur was chosen as the first commercial director and Dr. Toomas Adams (then president of the Estonian Society of Radiology) as the sales manager. Initially, a few rooms were rented in what was then the Õismäe Outpatient Clinic at Ehitajate tee 137, which became Semetron’s office in Tallinn until 1998.

In 1996, Semetron bought Professor Karell’s residence at Lembitu 24 in Tartu, which was renovated with an extension and became Semetron’s office in Tartu.

Towards the end of 1997, Semetron bought the main building of the commercial premises known as Tartu Maja [“Tartu House”], located at Betooni 9, where in 1998, after the acquisition of AS Medipharm, the company launched a wholesale of medicinal products and pharmacy goods.

A modern office building was completed in 1998 at Kotka 26 in Tallinn (in the former Välk shoe factory building) and this became Semetron’s Tallinn office until 2020.

The Latvian and Lithuanian subsidiaries SIA Semetrons and UAB Semetronas were established in 1998-1999.

In 2005, the shareholders elected Alvar Kaur as the chairman of the supervisory board and the German and US (Baltics Small Equity Fund BSEF) shareholders were bought out through an MBO under the initiative of Dr. Toomas Kornet, who was appointed as the new chairman of the management board.

The ISO 9001 quality management system was implemented in 2006, with GDP, AQAP and ISO 13485 compliances added in the following years..

In 2019, MM Grupp OÜ completed an increase in its shareholding that started in 2014.

As of autumn 2020, the Semetron team operates from the Confido healthcare building at Veerenni 51, Tallinn. Workstations for engineers and technicians, premises for the maintenance and repair of medical equipment, and warehouses for maintaining the cold chain and storing medicinal products are located across the yard.

Inbio OÜ, which is active in the market for lab products and has branches in Latvia and Lithuania, merged with the Semetron group in 2021.

Hygeia OÜ, which deals in disinfection products and antiseptics, merged with Semetron in 2022.

MM Hospital OÜ was founded in 2022 as a subsidiary to develop mobile field hospitals.

From 2022, Semetron operates in the Latvian and Lithuanian markets under the names Semetron SIA and Semetron UAB.