Sister companies team up to launch medtech design service

(Image by Chris Liverani on Unsplash)

Intelligent Product Solutions (IPS) and Kablooe Design announced that they have joined forces to launch an end-to-end medical device design and engineering service.

Both subsidiaries of Forward Industries (NSDQ:FORD), Happauge, N.Y.-based IPS and Kablooe (Minneapolis) have complementary services, including human factors engineering, verification and regulatory support along with upfront research and testing.

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Forward Industries to buy Kablooe Design for $1.6 million

Forward Industries (NSDQ:FORD) today announced the acquisition of substantially all of the assets of medical device design company Kablooe Design for $1.6 million in cash, equity, assumed debt and contingent earn-outs.

Hauppauge, N.Y.-based Forward Industries is a technology product design company. Kablooe’s clients include Medtronic, Boston Scientific, Coloplast, Atricure, Cega Innovations and Rapid Diagnostek.

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