TE Connectivity a Swiss-headquartered specialist in connectivity, has completed the previously announced acquisition of AdvancedCath.
AdvancedCath is a supplier of advanced catheter systems, with estimated 2015 revenues of $60 million. The company states that it "combines best-in-class technologies with industry-leading expertise in lifesaving therapy areas".
The acquisition complements and significantly expands TE’s connectivity and sensor position in the high-growth interventional space of the medical market. Further, TE says it will now be able to provide more complete integrated solutions to customers.
AdvancedCath will be included as part of TE’s Medical business, which is part of TE’s Industrial Solutions segment.