Vention Medical Acquires Lithotech Medical
January 24 2017 - 7:10AM
Business Wire
Addition of nitinol wire-based technologies offers customers
expanded solutions
Vention Medical announced today its recent acquisition of
Lithotech Medical, an industry leader in complex nitinol wire-based
technologies based in Israel. The acquisition will expand Vention’s
broad portfolio of advanced components and technologies for the
development and manufacturing of medical devices for the
interventional market.
In addition to supplying discrete nitinol components, Vention
will now have the capability to seamlessly integrate nitinol into
customers’ design and development projects. With its ability to
scale, Vention will be able to leverage nitinol-based technologies
for the manufacturing and assembly of devices from low-volume
prototypes to high-volume production.
“Partnering with this talented group of nitinol experts expands
our portfolio of advanced components and technologies as well as
our applications expertise,” said Tom Testa, President of Vention’s
Advanced Technologies business. “Together, we can further provide
more leading-edge technologies to advance our customers’ medical
device innovations faster and more cost effectively.”
Founded in 2001, Lithotech Medical employs a multidisciplinary
team of technical experts including physicists, material and
mechanical engineers, and regulatory and quality control experts.
The team has designed and developed more than 100 products for
customers worldwide, with dozens of products currently on the
market.
About Vention Medical
Vention Medical is a global integrated solutions partner with
more than 30 years of experience in design, engineering and
manufacturing of complex medical devices and components. Vention
Medical specializes in components and services used in
interventional and minimally invasive surgical products including
catheters, reinforced shafts, balloons, extrusions, polyimide
tubing, heat shrink tubing, PTFE liner tubing, molded components,
and finished device assembly and packaging. Visit Vention at
ventionmedical.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170124005147/en/
Vention MedicalJulie Schulte, 1-508-597-1397VP Marketing &
Corporate SalesJSchulte@VentionMedical.com