08.18.15
Freudenberg Medical has acquired the majority of Hemoteq AG, a provider of surface coating technologies and related services for medical devices.
Hemoteq, based in Würselen, Germany, develops innovative coating solutions for combination products like drug eluting stents, as well as coatings for catheters and cochlear implants, and is the market leader for drug-coated balloon catheters. The company holds more than 100 technology patents in innovative surface technologies.
“Hemoteq’s coating technology adds a key technology component to our portfolio and represents an important milestone in our long-term strategy to provide a full suite of innovative technology services to our global medical device OEM customers,” said Jorg Schneewind, president and CEO of Freudenberg Medical.
Hemoteq provides comprehensive services from the development of the medical device to regulatory approval and serial production. Freudenberg Medical develops and manufactures minimally invasive systems as well as components made of silicone, thermoplastics, and specialty metals; those surfaces can be modified with active-ingredient coatings for optimal efficacy of the medical device.
Under the transaction, Freudenberg Medical will acquire 75 percent of Hemoteq AG from the current shareholders, Earlybird Venture Capital and Pinova Capital. The remaining shares are held by the founders of Hemoteq, Michael Hoffmann and Roland Horres, who together with Chief Financial Officer Thomas Löwen, will continue management of the company. Max Kley, president of Freudenberg Medical Europe and Specialty Components, will become chairman of the supervisory board.
“The product and service spectrum of Hemoteq perfectly complements the capabilities of Freudenberg Medical,” said Kley. “With the combination of our material and processing expertise and Hemoteq's leading coating technologies we can provide our customers a unique portfolio of product solutions.”
Michael Hoffmann, CEO of Hemoteq AG, added: “Freudenberg Medical offers Hemoteq excellent market access to offer our solutions worldwide. The long-term orientation and financial stability of Freudenberg assures our customers that we can reliably support them over long development processes and throughout their product life cycles.”
With 10 manufacturing operations worldwide (primary U.S. operations are in Carpinteria, Calif.), Freudenberg Medical makes high-precision silicone and thermoplastic components and tubing to metal hypotubes and minimally invasive and catheter-based devices.
Freudenberg Medical, a division of the Germany-based Freudenberg Group. The company recently rebranded as Freudenberg Medical after combining its Helix Medical and MedVenture Technology holdings.
Hemoteq, based in Würselen, Germany, develops innovative coating solutions for combination products like drug eluting stents, as well as coatings for catheters and cochlear implants, and is the market leader for drug-coated balloon catheters. The company holds more than 100 technology patents in innovative surface technologies.
“Hemoteq’s coating technology adds a key technology component to our portfolio and represents an important milestone in our long-term strategy to provide a full suite of innovative technology services to our global medical device OEM customers,” said Jorg Schneewind, president and CEO of Freudenberg Medical.
Hemoteq provides comprehensive services from the development of the medical device to regulatory approval and serial production. Freudenberg Medical develops and manufactures minimally invasive systems as well as components made of silicone, thermoplastics, and specialty metals; those surfaces can be modified with active-ingredient coatings for optimal efficacy of the medical device.
Under the transaction, Freudenberg Medical will acquire 75 percent of Hemoteq AG from the current shareholders, Earlybird Venture Capital and Pinova Capital. The remaining shares are held by the founders of Hemoteq, Michael Hoffmann and Roland Horres, who together with Chief Financial Officer Thomas Löwen, will continue management of the company. Max Kley, president of Freudenberg Medical Europe and Specialty Components, will become chairman of the supervisory board.
“The product and service spectrum of Hemoteq perfectly complements the capabilities of Freudenberg Medical,” said Kley. “With the combination of our material and processing expertise and Hemoteq's leading coating technologies we can provide our customers a unique portfolio of product solutions.”
Michael Hoffmann, CEO of Hemoteq AG, added: “Freudenberg Medical offers Hemoteq excellent market access to offer our solutions worldwide. The long-term orientation and financial stability of Freudenberg assures our customers that we can reliably support them over long development processes and throughout their product life cycles.”
With 10 manufacturing operations worldwide (primary U.S. operations are in Carpinteria, Calif.), Freudenberg Medical makes high-precision silicone and thermoplastic components and tubing to metal hypotubes and minimally invasive and catheter-based devices.
Freudenberg Medical, a division of the Germany-based Freudenberg Group. The company recently rebranded as Freudenberg Medical after combining its Helix Medical and MedVenture Technology holdings.