HomeNewsNews Details
News Details
Date: 05-04-16

TE completes acquisition of minimally invasive medical device expert Creganna

TE Connectivity has strengthened its capabilities in medical electronics domain by completing the acquisition of Creganna Medical Group (Creganna). Health diagnosis equipments of type minimal invasive if not fully non-invasive are doing well in the market. Creganna has design and manufacturing expertise in this area of lesser or minimally invasive medical electronics devices. Creganna supplies medical devices to original equipment manufacturers (OEMs). The company, headquartered in Ireland, with sales revenue in the range of $250 million in 2015. "The acquisition of Creganna advances our strategy to be the industry leader in high-growth harsh environment applications where failure is not an option," said Tom Lynch, TE Connectivity chairman and CEO. "Creganna's products are used in life-saving medical treatments and surgical procedures where the highest levels of quality, reliability and performance are essential. Combining Creganna with TE's existing medical business establishes TE as a leader in the attractive minimally-invasive interventional segment of the medical device market. TE now has the most complete product and capability offering in the industry, and is a fully integrated strategic supplier to major OEMs. We look forward to offering our customers the most innovative solutions for their needs and welcoming the talented team from Creganna to TE." The business will be reported as part of TE's Industrial Solutions segment.

Default user
Related News