M&As this week: MedPlast, Krabat, Vitreq
In a move to expand its business operations, MedPlast, an integrated custom plastic processing solutions provider, has acquired Coastal Life Technologies, a producer of sterile and single-use disposable surgical devices.
The acquisition will strengthen MedPlast's finished device assembly capabilities and also adds a manufacturing site in Texas to its existing assets.
Life sciences company AddLife has acquired Krabat, a Norwegian company specialised in developing assistive equipment for children and young people with special needs.
The purchase will strengthen AddLife's Medtech business, while enabling Krabat to expand its geographical reach.
Ophthalmic technology provider Vitreq has been acquired by Beaver-Visitec International (BVI), a provider of ophthalmic and other micro-surgical products.
The acquisition enables BVI to expand its footprint and product offering.