Navigation Links
Heraeus Strengthens Medical Components Business
Date:2/1/2008

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 capabilities and intensifying our sales and distribution services."

Richard Kramp, Synovis Life Technologies President and CEO adds: "In Heraeus, we have found an excellent buyer that plans to offer employment to all of our interventional employees in Lino Lakes, Minnesota and Puerto Rico. Heraeus is a highly regarded OEM supplier in several industries."

The Heraeus Medical Components Division belongs to W. C. Heraeus, the largest business segment within the Heraeus group, a precious metals and technology company headquartered in Hanau, Germany. Heraeus is a global, private company active in the business areas of precious metals, dental health, quartz glass and specialty lighting sources. With revenues exceeding EUR 10 billion and more than 11,000 employees worldwide in over 100 subsidiaries and associated companies, Heraeus has been one of the leading companies in precious metals and materials technology for more than 155 years.


'/>"/>
SOURCE The Heraeus Medical Components Division
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Kenyan malaria success strengthens call for free insecticide-treated nets for all
2. International study strengthens case for daily calcium pill
3. Wachovia Strengthens Its Healthcare Industry Receivables and Cash Management Capabilities
4. Essilor Strengthens its Polarized Lens Distribution Network With the Acquisition of KBco
5. Publicis Groupe Strengthens its Leadership in Digital and Integrated Healthcare Communications in Italy
6. NIAID strengthens and expands Vaccine and Treatment Evaluation Units
7. Pieris Strengthens its Management, as it Prepares for the Clinical Development of PRS-050, an Anticalin(R)-Based Novel Cancer Therapy
8. Rosetta Genomics Strengthens Senior Management in Preparation for its First Commercial Launch of microRNA-Based Diagnostic Products in 2008
9. Start Licensing, Inc. Further Strengthens Position in Cloning Industry With New Patents
10. Scientx USA Strengthens Leadership Team With Appointment of Bryce IntVeld as Vice President of Sales
11. Dowden Custom Media Strengthens e-Media
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/23/2017)... ... March 23, 2017 , ... The physicians of KSF Orthopaedic Center ... Houston Area. The new location is located at 2255 E. Mossy Oaks Rd., Suite ... This newest location will provide patients living in the north Houston area (The Woodlands, ...
(Date:3/23/2017)... ... March 23, 2017 , ... Texas Physical Therapy ... 960 Gruene Road in Building 2. The clinic is the group’s second in New ... says opening the company’s second New Braunfels location brings things full circle for the ...
(Date:3/23/2017)... (PRWEB) , ... March 23, 2017 , ... The IoT ... and WiFi connectivity are making a huge impact on businesses and individual consumers alike. ... estimates the IoT will have a value anywhere from $4 trillion to $11 trillion ...
(Date:3/23/2017)... ... ... of adults are unaware of the dangers that infectious bacteria play in mouth disease, while ... a day that dentists recommend. The ramifications of improper oral upkeep go far beyond bad ... 164 million hours of work each year due to dental issues. That is why Mediaplanet ...
(Date:3/23/2017)... ... ... March is National Kidney Month – the perfect time to pause and ... health. Every day, two kidneys filter about 120 to 150 quarts of blood. Put ... waste, regulating fluid levels and blood pressure, supporting bone health and promoting red blood ...
Breaking Medicine News(10 mins):
(Date:3/24/2017)... Research and Markets has announced the ... Strategies" report to their offering. ... Pain Management in the ... their physical pain, emphasizing consumer survey analysis, including trends over ... adults who have selected illnesses/conditions strongly associated with physical pain ...
(Date:3/24/2017)... 24, 2017 ShangPharma, a leading ... cost-effective drug development and discovery services, technology, ... industry, announced today the intent for a ... be consolidating the Contract Research Organizations (CRO) ... ChemPartner. These entities include ChemPartner Shanghai, ChemPartner ...
(Date:3/24/2017)... , Mar. 24, 2017 Research and Markets ... Pipeline Analysis, 2016" report to their offering. ... The IPF pipeline is very strong with a ... Merck & Co., Inc., Biogen and Sanofi are involved in the development ... of which one is in Phase III stage, 15 are in Phase ...
Breaking Medicine Technology: