Cirtec Archives - Medical Design Sourcing

Cirtec Medical (Brooklyn Park, Minnesota) announced today that it has acquired QMD’s Precision Components business.

The financial terms of the deal were not disclosed. The move comes amid continued consolidation in the medical device industry’s contract manufacturing and supplier space.

QMD’s Precision Components business specializes in the development and manufacturing of silicone, polyisoprene and other custom elastomeric components, tubing, and subassemblies

“This acquisition is a natural fit for us and will open new doors for customers through advanced expertise in medical silicone molding and extrusion,” Cirtec CEO Brian Highley said in a new release. “From materials science and mold development through manufacturing and assembly, QMD Precision Components will enable Cirtec to provide customers with new and powerful capabilities as a full-service outsource partner.”

In addition, Highley said the acquisition will strengthen Cirtec’…

Ilika and Cirtec Medical say they have entered into a manufacturing and commercialization partnership for Ilika’s Stereax line of miniature, solid-state batteries.

The companies’ memorandum of understanding outlines the transfer of Stereax millimeter-scale battery manufacturing to Cirtec’s production facility in Lowell, Massachusetts.

RELATED: How tiny solid-state batteries enable smaller implants that recharge faster

The deal reinforces Brooklyn Park, Minnesota-based Cirtec’s activities in system-level miniaturization for the medical device industry, the companies said in a news release.

“With over 20 years of experience in the design, development and manufacturing of medical devices, Cirtec is uniquely poised to work with Ilika in bringing its Stereax battery technology to market,” Cirtec CEO Brian Highley said in the news release. “We believe this collaboration fits right into our strengths and expands upon o…

Cirtec

Cirtec Medical acquires QMD Precision Components

Ilika and Cirtec partner on mini solid state batteries