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Released By Helix Medical LLC
May 17, 2010
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The Freudenberg Group and its affiliate Helix Medical Europe have acquired a 50 percent share of VistaMed Ltd., an Irish manufacturer of components for medical devices. The two companies are expecting the cooperation to provide synergies in the development of products and services as well as market penetration. With this move, the Freudenberg Group is expanding its activities in this growth industry. Only a year ago, Freudenberg set up its European headquarters for medical technology in Kaiserslautern, Germany.
VistaMed, with its headquarters in Carrick-on-Shannon, has two production facilities in Ireland, where complex medical tubing systems and precision components for medical devices are produced under cleanroom conditions. Examples of applications include catheters for minimally invasive surgical procedures and endoscopic components. Having expert knowledge in the industry, the company regards itself as a strategic product development partner with its customers. Established in 1997, VistaMed employs 85 people.
“This technological alliance with VistaMed provides greater opportunities for both companies to develop and manufacture a broader range of innovative products and services for global customers”, said Jorg Schneewind, president and CEO of Helix Medical, LLC.
The Irish company is bringing its own experience in the development and manufacture of medical tubing as well as catheters into the joint venture.
From the new joint venture Freudenberg is expecting advantages in the development of products and services to emerge. At the same time, the range of materials used and the product spectrum can be broadened. Freudenberg’s aims are to serve its global customers even more comprehensively as well as to expand the development and production of orders for complete catheter systems in accordance with customer-specific requirements.
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