Helix Medical has announced it has acquired MedVenture Technology Corp., according to a news release (pdf).
MedVenture Technology, headquartered in Jeffersonville, Ind., develops and manufactures minimally invasive surgical devices and catheter-based devices. It was purchased from private equity firm Ampersand Capital Partners.
"MedVenture will deepen our resources in product design, development, and engineering and enable Helix to offer more comprehensive product lifecycle management and be a stronger strategic partner to our customers," said Dr. Jorg Schneewind, president and CEO of Helix Medical, in the release. "While our global reach, with now 10 facilities around the world, will allow MedVenture to expand their services into new regions and tap into Helix's core strengths in thermoplastic and silicone molding and extrusion plus specialty catheters and hypotubes. Overall, the combined companies deliver a perfect synergy of complimentary capabilities powered by highly innovative people, advanced technology, and leading-edge processes."
Helix Medical is headquartered in Carpinteria, Calif.
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