Home » TE Connectivity to Acquire the Creganna Medical
TE Connectivity to Acquire the Creganna Medical
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
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