ST. PAUL, Minn., Feb. 1 /PRNewswire/ -- The globally active precious metal and technology group Heraeus strengthens its medical components product portfolio by purchasing the Interventional Business of Synovis Life Technologies, Inc., based in St. Paul, Minnesota. The transaction was closed on January 31, 2008. With this acquisition, the Heraeus Medical Components Division will employ over 700 people at 5 facilities in the U.S., Germany, Switzerland and Puerto Rico.
The Heraeus Medical Components Division develops, produces and distributes a wide range of metal-based components such as electrodes, coils, titanium cases, other micro precision parts, and raw materials for stimulation devices like Cardiac Pacemakers and Internal Cardiac Defibrillator. Additionally, they support other Interventional Medical Device companies with contract services of prototyping and manufacturing of coils, wire-forms, molded polymer and micro-machined metal components and complex assemblies.
Dr. Roland Gerner, managing director of W. C. Heraeus, the largest business segment of the Heraeus group and parent company of Heraeus Vadnais, noted: "When we first merged with Vadnais Technologies in 2004, our goal was to increase the presence of the medical group in the U.S. Now, with the acquisition of the Synovis Interventional Business, we further strengthen our strategically important Medical Components Division and our market share in the Medical Device Industry in the U.S. as well as in Puerto Rico where our main customers are located."
Dr. Nicolas Guggenheim, Head of the Medical Components Division, and
Mark Kempf, President of Heraeus Vadnais, the local unit of the Medical
Component Division of W. C. Heraeus, a subsidiary of the German based
Heraeus group, are excited about the potential of this acquisition: "With
the addition of this business, we are broadening our customer base and
product range in the Medical Device Industry, increasing our manufacturing
|SOURCE The Heraeus Medical Components Division|
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