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Cirtec Medical Acquires Qmd™ Precision Components Business

Feb 01, 2023•over 2 years ago

Acquiring Company

Cirtec Medical

Acquired Company

Precision Components Business

Medical DeviceBiotechnologyHealth CareManufacturing

Description

Cirtec Medical Corporation, a strategic outsourcing partner of complex medical devices including minimally invasive and active implantable devices, has acquired QMD’s Precision Components business which specializes in the development and manufacturing of silicone, polyisoprene and other custom elastomeric components, tubing, and subassemblies.

Company Information

Company

Cirtec Medical

About

Cirtec Medical is a vertically integrated, full-service outsource partner providing end-to-end product design, development, and manufacturing of Class III and II medical devices and components. We specialize in today’s most advanced product technologies including, neuromodulation, implantable drug delivery, cardiac rhythm management, ventricular assist and interventional devices and delivery systems. Cirtec has a global footprint with facilities in Brooklyn Park, MN; Chandler, AZ; El Coyol, Costa Rica; Enfield, CT; Los Gatos, CA; Lowell, MA; Birkenfeld, Germany; Sturtevant, WI; and Rock Hill, SC.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed