M&As this week: Kelpac Medical, Danaher Corporation, Blockade Medical

8 September 2016 (Last Updated September 8th, 2016 18:30)

In a $10.5m cash deal, Kelpac Medical, a medical packaging and tubing solutions provider and a subsidiary of PPC Industries, has acquired medical device contract manufacturer, Xeridiem Medical Devices, from Fenner.

In a $10.5m cash deal, Kelpac Medical, a medical packaging and tubing solutions provider and a subsidiary of PPC Industries, has acquired medical device contract manufacturer, Xeridiem Medical Devices, from Fenner.

The acquisition gives the acquirer access to specialty products offered by Xeridiem, including liquid injection moulding, silicone extrusive and silicone device assembly, which will be offered to its new and existing customers.

Danaher Corporation, a global science and technology innovator, through its wholly-owned subsidiary Copper Merger Sub, has agreed to acquire California-based molecular diagnostics company, Cepheid, for approximately $4bn.

Pursuant to the definitive agreement, Copper Merger Sub will be merged with and into Cepheid, which will become a wholly-owned subsidiary and part of Danaher’s $5bn Diagnostics segment.

"The acquisition will allow Danaher to expand and secure a strong position in molecular diagnostics segment."

The acquisition will allow Danaher to expand and secure a strong position in molecular diagnostics segment.

Blockade Medical, a developer of catheter-based therapeutic devices, has been acquired by BALT International, a manufacturer of interventional neuro-radiology devices, for an undisclosed sum.

The acquisition will allow BALT to enter the US market and to expand its presence in important global markets. BALT will also gain access to Blockade’s Barricade coil system, which complements its existing product portfolio.

The partnership will focus on developing and marketing more innovative neurovascular devices that will help treat aneurysms, stroke and other neurovascular conditions.