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January 16, 2024
1 Min Read
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Integer Holdings is dipping into the contract manufacturing space with its latest acquisition.
The Plano, TX-based company said it acquired Pulse Technologies, an engineering and contract manufacturing firm focused on complex micromachining of medical device components for high-growth structural heart, heart pump, electrophysiology, leadless pacing, and neuromodulation markets.
The deal was for $140 million offset by an expected $15 million NPV tax benefit over 15 years, plus additional consideration contingent on achieving specific revenue growth targets through 2025.
Integer noted that Pulse Technologies fits in with its tuck-in acquisition strategy.
“The acquisition of Pulse Technologies is directly aligned with Integer’s strategy to expand our capabilities and capacity in targeted growth markets,” said Payman Khales, Integer President, Cardio & Vascular. “We were immediately impressed with Pulse Technologies’ long-standing customer relationships, technical talent, unique technologies, shared values, and capacity for growth. The company shares Integer’s commitment to quality, innovation, and enhancing the lives of patients, and we are thrilled to welcome their 250 associates to the Integer team.”
Integer's acquisition follows another merger in the contract manufacturing space. Earlier this month, Sanner Group, a healthcare packaging manufacturer and medical device contract development and manufacturing organization, acquired Springboard, a specialist in the design and development of medical devices.
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