Greatbatch Inks Deal for Specialized Design Firm Greatbatch Inc. has acquired NeuroNexus Technologi

Greatbatch Inks Deal for Specialized Design Firm

Greatbatch Inc. has acquired NeuroNexus Technologies for approximately $12 million in cash—including the assumption of debt and future considerations.

NeuroNexus, headquartered in Ann Arbor, Mich., is an implantable medicaldevice design firm specializing in developing and commercializing neural interface technology, components and systems for neuroscience and clinical markets.

According to Greatbatch officials, the company’s latest acquisition has“an extensive intellectual property portfolio, core technologies and capabilities to support the development and manufacturing ofinnovative neural interface devices across a wide range of functions,” including neuromodulation, sensing, optical stimulation and targeted drug-delivery applications.

“We are very excited to have theNeuroNexus team join the QiG Group and Greatbatch family of companies. Together, we believe that we can research, design, develop and manufacture new world class proprietary products and systems that will expand and potentially redefine the fields of cardiovascular and neuromodulation as we know them today,” said Thomas J. Hook, president and CEO of Greatbatch Inc. “Additionally, the strong allianceNeuroNexus has with the University of Michigan and the Michigan EconomicDevelopment Corporation should position us to expand our operations in the region.”

NeuroNexus, founded in 2004, employs approximately 25 associates in its Ann Arbor facility.

Clarence, N.Y.-based Greatbatch serves the medical device industry with three brands—Greatbatch Medical,Electrochem and the QiG Group. Greatbatch Medical develops and manufactures critical medical device technologies for the cardiac, neurology, vascular and orthopedic markets. Electrochem designs and manufactures battery and wireless sensing technologies for high-end nicheapplications in the energy, military, portable medical, and other markets. The QiG Group provides design and development of new medical devices.