Heraeus Medical Components, a leading global medical device outsourcing provider, announced today that it has acquired Contract Medical International (CMI). Focused on complex delivery systems for minimally-invasive medical devices, CMI provides contract design, development, manufacturing and global regulatory services for medical device OEMs.
Headquartered in Dresden, Germany, with manufacturing in the Czech Republic, CMI extends Heraeus’ interventional device capabilities through its technology and competence in the design, development and integration of minimally-invasive medical device systems. More specifically, CMI possesses advanced capabilities in design specification for balloons, stents, and coiled or braided shaft technologies for sheaths and catheters. CMI also adds to Heraeus’ existing interventional device production capacity and enhances support to partners seeking regulatory services for global device registration.
Martin Schachenmayr, Managing Director of CMI said, “Joining Heraeus enables us to better serve customers by combining our deep knowledge in advanced minimally-invasive devices with Heraeus’ global manufacturing scale. Both organizations have a shared passion for supporting customers in end-to-end product development and manufacturing, so we are eager to unlock our joint potential”.
Nicolas Guggenheim, President of Heraeus Medical Components adds, “Our service offering is reflective of our customer’s needs to increasingly outsource development, production and regulatory services. This acquisition, our fourth in just over 2 years, is part of an ongoing expansion of capabilities and competences within growing interventional device markets. CMI is a European leader in development services with top talent and capabilities that will complement our offering for the benefit of our customers”.
A globally leading technology group, Heraeus is headquartered in Hanau, Germany. Founded in 1851, it is a family-owned portfolio company which traces its roots back to a pharmacy opened by the family in 1660. Today, Heraeus combines businesses in the environmental, energy, electronics, health, mobility and industrial applications sectors.
In the 2018 financial year, Heraeus generated revenues of €20.3 billion. With approximately 15.000 employees (including staff leasing) in 40 countries, the FORTUNE Global 500-listed company holds a leading position in its global markets. Heraeus is one of the top 10 family-owned companies in Germany.
With technical expertise, a commitment to excellence, a focus on innovation and entrepreneurial leadership, we are constantly striving to improve our performance. We create high-quality solutions for our clients and strengthen their long-term competitiveness by combining unique material expertise with leadership in technology.