Galway medtech acquired by US company Integer for €120mLeigh Mc Gowranon April 8, 2022 at 09:39 Silicon RepublicSilicon Republic

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Galway-based medical implant developer Aran Biomedical Teo has been acquired by medical device outsource manufacturer Integer for €120m.

Aran Biomedical specialises in the design, development and manufacturing of medical implants. The Údarás na Gaeltachta client company is based in An Spidéal and converts medical concepts into cutting edge implantable options for its clients.

The Irish company generated sales of $17m last year, nearly doubling sales from 2020. It hopes the acquisition by Integer will help it develop and manufacture the best in medical devices possible. Its operations will be maintained at the An Spidéal facility following the acquisition.

“Combining Aran Biomedical’s proprietary biomaterial implant technologies with Integer’s world class delivery systems will lead to a more highly differentiated service offering to the medical device industry,” Aran Biomedical CEO Peter Mulrooney said.

Integer provides medical device design and outsourcing services for high growth cardiovascular markets such as structural heart, neurovascular, peripheral vascular and endovascular, as well as general surgery. The multinational said an additional €10m of could be paid to Aran Biomedical based on its “achievement of 2022 revenue growth milestones”.

“The acquisition of Aran Biomedical is entirely aligned with our strategy to expand our presence in high growth markets,” Integer CEO Joe Dziedzic said. “Aran brings subject matter expertise and highly differentiated implant technology solutions to our portfolio.”

Údarás na Gaeltachta CEO Mícheál Ó hÉanaigh said Aran Biomedical has been an “important client company” for the past few decades and will “continue to be so under Integer”.

“Integer is committed to the An Spidéal area as a critical technology centre for the broader company and we look forward to partnering with them as they develop their long-term plans in the region,” Ó hÉanaigh said.

Texas-headquartered Integer has 15 manufacturing sites globally. As well as its current R&D presence in Galway, it operates manufacturing facilities in New Ross, Co Wexford. The company has had a presence in Ireland for more than 25 years, during which it has continually invested in infrastructure, technology and jobs.

Last September, the multinational revealed plans to invest $30m in a new manufacturing facility in Galway Technology Park. The initial build will involve construction of a 60,000 sq ft facility, with completion planned for late 2023.

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