www.fdanews.com/articles/175137-te-connectivity-to-acquire-the-creganna-medical
TE Connectivity to Acquire the Creganna Medical
February 2, 2016
Switzerland-based TE Connectivity is acquiring the Creganna Medical for $895 million in an all-cash transaction.
Creganna, headquartered in Ireland, designs and manufactures minimally invasive delivery and access devices serving original equipment manufacturers.
The acquisition establishes TE as a leading supplier to the fast-growing minimally invasive interventional medical device segment, the company says.
Creganna, which is owned by Permira Funds, reported sales of roughly $250 million in 2015. — Jonathon Shacat