Freudenberg Medical has acquired the dedicated manufacturing equipment and associated assets used by Merit Medical Systems Inc. in its hypotube manufacturing business. Freudenberg Medical designs, develops, and manufactures medical devices, components, and product solutions, and the acquired assets will be absorbed by Cambus Medical. a Freudenberg Medical company, located in Galway, Ireland. Cambus Medical develops and manufactures hypotubes, specialty needles, and metal micro-components for catheters and minimally invasive devices used in diagnostic and therapeutic interventions.
The acquisition includes manufacturing equipment for laser-cut hypotubes and access to additional technology, it was reported in a news release. Merit Medical will supply Cambus Medical with PTFE coated tubing and wire to ensure uninterrupted product supply for all existing customers, the company stated.
“This transaction is a key step in expanding our leading position in the hypotube market for catheters and other minimally invasive devices,” said Dr. Max Kley, CEO of Freudenberg Medical, in the release. “Freudenberg Medical covers the full value chain from supplying mission-critical components like hypotubes to full device manufacturing. This level of vertical integration puts us into a unique position to offer the most advanced technical solutions to our minimally invasive device customers.”
Added Barry Comerford, CEO of Cambus Medical: “This strategic acquisition will give Cambus Medical key equipment to increase production capacity, deepen our technology base to achieve unrivalled laser processing and coating capabilities, and expand our customer base.”
Freudenberg Medical offers catheter development capabilities such as advanced extrusion, handle and shaft development, balloon development and manufacturing, hypotubes and metal micro-components, assembly, and coatings.