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Design firm Delve makes first acquisition under new owner

June 2, 2023 By Jim Hammerand

A photo of Delve employees building a proton-beam therapy system prototype.

Delve developed a prototype of the SC360 proton-beam therapy system for ProNova. [Photo courtesy of Delve]

Delve announced its acquisition of Boston-based digital innovation and design firm Altr this week.

Madison, Wisconsin–based Delve said Altr is its first acquisition under the ownership of private equity firm Trinity Hunt Partners, which purchased Delve in May 2021 and merged it with product design consultancy firm Bresslergroup.

“Almost two years ago to the day, we announced our intention to build a company that could be considered the world’s best end-to-end product innovation firm,” Delve President Andrew Weiman said in a news release yesterday. “With Altr, we take another giant step forward. Much more to come.”

The deal comes as medical device developers are increasingly integrating digital offerings into their devices. Delve said the Altr deal “strengthens Delve’s ability to deliver products, services, and experiences to clients that seamlessly combine physical and digital features.”

Related: Digital health startups you need to watch in 2023

A portrait of Delve President Andrew Weiman

Delve President Andrew Weiman [Photo courtesy of Delve]

“The future is about delivering a unified product experience – digital, physical, and service,” Delve President Andrew Weiman said in the release. “Our clients will now be able to achieve that future with a single innovation partner, Delve.”

Both companies serve medtech clients. Delve designed and engineered the Dexcom G6 Continuous Glucose Monitoring (CGM) System and is working on the next-generation G7, among other medical devices. Altr, meanwhile, helped Becton Dickinson develop the BD Diabetes Care mobile application.

A portrait of Altr co-founder and Chief of Design Christine Pillsbury.

Altr co-founder and Chief of Design Christine Pillsbury [Photo courtesy of Delve]

“We chose Delve because we share a vision for how to better serve people and build a more meaningful and effective future through design,” Altr Chief of Design Christine Pillsbury said. “We’re excited to empower clients new and old with our collective ability to deliver in digital and physical environments.”

Pillsbury founded Altr in 2014 with Geordie McClelland, who’s now serving as the combined company’s head of strategy.

About The Author

Jim Hammerand

Jim Hammerand is the managing editor of Arrowfly's Medical Design & Outsourcing, where he leads coverage of medtech innovation, design, engineering and manufacturing. He also reports breaking news at Arrowfly's MassDevice and contributes to our DeviceTalks podcasts and live events. Hammerand has more than two decades of journalism experience spanning newspapers, magazines, websites, live events, radio and TV news. For nearly a decade, Hammerand reported and edited business news for American City Business Journals as a reporter and digital editor at the Minneapolis/St. Paul Business Journal and then as managing editor of the Puget Sound Business Journal in Seattle. He holds degrees in journalism and management from the University of Minnesota and has won journalism awards from the Society of Professional Journalists, American Society of Business Publication Editors, and Trade, Association, Business Publications International. Connect with him on LinkedIn or by email at [email protected].

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  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
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