Heraeus acquires Norwood Medical

Heraeus Holding announced today that it has purchased Dayton, Ohio–based Norwood Medical.

Norwood Medical and its more than 1,100 employees make high-precision components in three key medical device markets: minimally-invasive surgery, orthopedics and robotic-assisted surgery.

The financial terms of the deal were not disclosed. Norwood Medical will continue to operate as a standalone business and retain its company name and management team.

“When we began discussions, it was evident that Norwood checked all the boxes: an experienced team, an outstanding innovation culture and a track record of manufacturing excellence. We are very confident we can accelerate their growth and penetrate new markets around the world,” Heraeus Holding CEO Jan Rinnert said in a news release.

Ken Hemmelgarn Jr., the VP of finance of Norwood Medical, said merging with Heraeus will enable it to capitalize on the Hanau, Germany–based giant’s global reputa…

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Heraeus Medical Components opens new Collaboration Hub outside Minneapolis

Heraeus Medical Components’ new Collaboration Hub in the Twin Cities. [Image courtesy of Heraeus Medical Components]

Heraeus Medical Components recently announced that it has opened a new nearly 67,000-square-foot Collaboration Hub in the Minneapolis-St. Paul medtech cluster.

The Collaboration Hub — a completely new location near the Heraeus’ existing Fridley, Minn. facility — is meant to provide the company’s customers with the opportunity to work on-site with Heraeus Medical component R&D experts. The Collaboration Hub has a test lab, clinical simulation lab, training lab, machining room and pilot production capabilities.

Heraeus Medical Components — which is part of the Hanau, Germany–based Heraeus Group — has completed the move-in of technical experts, pilot production lines and R&D equipment.

“Collaborative solutions for our partners is at the core of our culture,” R…

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