Medical device solutions partner in the US, Vention Medical has announced the acquisition of Ireland-based provider of medical tubing solutions, Ansamed.
According to Vention, the acquisition is expected to expand its capabilities in the development and manufacturing of catheter-based devices used in a range of interventional and surgical procedures.
Ansamed’s technology and experience in extrusion and braided tubing will add to Vention’s portfolio of capabilities in balloons, shrink tubing, and catheter assembly.
Besides, Ansamed will establish a strategic presence for Vention in Ireland and serve as a base for further European and international expansion.
Vention Medical has not disclosed the transaction value.
The company specialises in components and services used in interventional and minimally invasive products, including medical balloons and heat shrink tubing, clean room injection moulding, assembly and packaging services.