Freudenberg acquires Merit's hypotube manufacturing assets
The acquired assets will be absorbed by Cambus Medical located in Galway, Ireland. Cambus Medical, a Freudenberg Medical company, is a hypotube manufacturer in the minimally invasive industry. Established in 2006, 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. Merit Medical will supply Cambus Medical with PTFE coated tubing and wire to ensure uninterrupted product supply for existing customers.
Dr Max Kley, CEO of Freudenberg Medical, said: “This transaction is a key step in expanding our leading position in the hypotube market for catheters and other minimally invasive devices. 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.”
Barry Comerford, CEO of Cambus Medical added: “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.”