TekniPlex Healthcare has signed a definitive agreement to acquire Seisa Medical in a deal that extends TekniPlex Healthcare’s medical technology solutions platform.
izzuanroslan / shutterstock.com
2019237410
M&A concept
This acquisition specifically enhances the company’s materials science and process technologies for minimally invasive and interventional therapy devices on a global scale.
Based in El Paso, Texas, Seisa is a medical device manufacturer servicing every stage of the product lifecycle including design and development, component manufacturing, and final assembly. It employs more than 2,000 people across four facilities in the U.S., Mexico and Slovakia.
Chris Qualters, CEO of TekniPlex Healthcare, said: “This is a transformative acquisition for TekniPlex Healthcare, moving us squarely into the CDMO (contract, development, and manufacturing organisation) segment of medtech for medical technologies. The ability for us to engage with our global customers on new medical technologies by developing engineered materials, co-designing components and assemblies, utilising advanced process technologies and providing sterile barrier products allows us to truly partner with them from concept all the way to the point of care to help improve patient outcomes.”
Bryan Wesselmann, vice president of sales and marketing for TekniPlex Healthcare, added: “Medical technologies are rapidly evolving to support more minimally invasive procedures and efficient interventional therapies. Seisa brings broad capabilities to advance these interventional technologies across a variety of stent grafts, mitral heart valves, endovascular procedures and cardiovascular catheter delivery systems.”
Julio Chiu, Seisa founder and CEO, commented: “Our customers count on us to deliver solutions for their most challenging applications. I am very confident that they will continue to count on us as TekniPlex Healthcare shares our same commitment to deliver better patient outcomes. We believe the combination of our two organisations will result in one of the most comprehensive value-added CDMO platforms in the industry.”
This is the 20th acquisition that TekniPlex has completed in the past decade, supporting its strategy to grow its business through transformative acquisitions and strategic add-ons. The closing of the acquisition is conditioned upon regulatory approval.
