Creganna acquires Precision Wire, re-brands company

Medical device outsourcing firm Creganna-Tactx Medical will acquire Precision Wire Components LLC (PWC), a specialist in wire processing for the medical device industry.

Following the acquisition, the firm will re-brand itself Creganna Medical and focus on minimally invasives.

PWC’s manufacturing facilities in Tualatin, Oregon and Heredia, Costa Rica will be added to Creganna’s global footprint in the United States, Europe and Asia.

PWC will add to Creganna’s existing portfolio for minimally invasive delivery and access devices with the addition of wire component and coiling technologies.

Customers will benefit from working with a single proven partner, offering a wider set of solutions, capable of serving their needs both globally and locally.

“The combined company brings together two exceptional organisations who are leading providers of outsourced solutions to the Medical Device industry” said Chip Hance, CEO, Creganna Medical.

“Today’s announcement represents an important step in our growth as a leading global medical technology company. PWC is an ideal fit for Creganna. Adding PWC’s adjacent technologies to our existing portfolio is a further opportunity for customers to efficiently consolidate their supply base. Culturally, we both share a passion to serve those customers with pioneering technologies coupled with exceptional quality and service.”

Geoff Hall, CEO Precision Wire Components stated “This acquisition will generate tremendous value for all of our customers. Together, we are creating one team with a much broader set of skills, services and capabilities that will be able to provide unmatched levels of service and support in multiple markets and locations. With a significant amount of complementary technologies and experience, we will be extremely well positioned to support a broad array of customer projects and development opportunities with a single point of contact.”

All PWC employees and facilities will become part of Creganna Medical. Together, the company will have over 2,000 staff worldwide, 450,000 square feet of manufacturing capacity.

Transition to the Creganna Medical brand will be phased across the organization in the coming months.