Medical Design and Outsourcing

  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • Med Tech Resources
    • DeviceTalks Tuesdays
    • Digital Editions
    • eBooks
    • Manufacturer Search
    • Medical Device Handbook
    • MedTech 100 Index
    • Podcasts
    • Print Subscription
    • The Big 100
    • Webinars / Digital Events
    • Whitepapers
    • Video
  • 2022 Leadership in MedTech
    • 2022 Leadership Voting!
    • 2021 Winners
    • 2020 Winners
  • Women in Medtech

GIN and Sigolis Merger Creates Strong Partner for Development and Manufacture of Diagnostics Disposables

April 1, 2014 By the Associated Press

Global Innovation Network Oy (GIN) and Sigolis AB today announced a merger of the two companies. The new company, named Ginolis Oy, provides an innovative one-stop solution for the development and manufacturing of in vitro diagnostic (IVD) disposable products.

Over the last four decades, the electronics industry has revolutionized the world with ever-increasing functionality at ever-lower costs, e.g. computers and mobile communications. Ginolis now makes these technologies available to the IVD and point-of-care (POC) diagnostic industry. The company applies precision semiconductor processes to manufacture templates and tools for disposable parts, and masters the use of modular automation systems for assembling electronics.

Headquartered at GIN’s existing site in Oulu, Finland, Ginolis will also keep the Sigolis facility in Uppsala fully operational. The new company, which currently employs 35 people, intends to strengthen its operations in both Uppsala and Oulu. Mr. Teijo Fabritius, co-founder and CEO of GIN Oy, has been appointed CEO of Ginolis, while Mr. Simon Uhrberg, co-founder and CEO of Sigolis, will take the position of COO at the merged entity.

“From our experience, the IVD industry has not yet applied state of the art assembly solution technology in the manufacture of diagnostic tests. We believe our capabilities will go a long way towards advancing the development of the next generation of Point of Care testing systems, where superior performance and rapid results can both be achieved in virtually any setting,” stated Teijo Fabritius. “Individually, GIN and Sigolis served a number of customers in the IVD industry worldwide. The combination of the two companies increases not only our existing customer base significantly but lays the foundation for solid future growth.” With its unique knowledge of cost-efficient, high-volume/quality production and extensive experience of IVD POC product development, Ginolis intends to become a complete and competent partner for the IVD industry. The new entity offers its customers unique opportunities through improved efficiency and cost savings when manufacturing existing products as well as the enticing possibilities in developing completely new products.

“Adding Sigolis’ advanced manufacturing techniques for the components of the final products gives Ginolis a strong competitive edge,” commented Simon Uhrberg. “The recent acquisition of Stockholm-based technology company Celoxio, which has developed a unique technology for integrating electrically-controlled valve functions into microfluidic devices, elegantly and cost-efficiently solves the problem of timely control of reactions, the largest driver causing variation in detection quantitation. This will enable us to provide even more sophisticated solutions to our customers.”

Recently, Sigolis raised 2.5 M SEK in a directed share offering to Almi Invest, one of Sweden’s most active investors in young growth companies. “It is with great pleasure that we welcome Almi Invest as a competent and active shareholder,” said Mr Uhrberg. “We had been following Sigolis for some time and look forward to getting more deeply involved as this promising and exciting company evolves and grows,” adds Mr Allan Asp, Investment Manager, Almi Invest.

Related Articles Read More >

Dexcom One
How Dexcom’s portfolio goes beyond highly-anticipated next-gen G7
A portrait of Stryker executive Siddarth Satish
How Stryker includes users for product design in the digital age
A Medtronic HVAD pump opened up to show the inner workings
Medtronic investigates HVAD pump welds after patient deaths
Galien Foundation 2022 nominees
18 of the world’s most innovative medical technologies

DeviceTalks Weekly.

May 27, 2022
Quick message - No DTW podcast, but plenty else to listen to over this weekend and next week.
See More >

MDO Digital Edition

Digital Edition

Subscribe to Medical Design & Outsourcing. Bookmark, share and interact with the leading medical design engineering magazine today.

MEDTECH 100 INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
DeviceTalks

DeviceTalks is a conversation among medical technology leaders. It's events, podcasts, webinars and one-on-one exchanges of ideas & insights.

DeviceTalks

New MedTech Resource

Medical Tubing

Enewsletter Subscriptions

Enewsletter Subscriptions

MassDevice

Mass Device

The Medical Device Business Journal. MassDevice is the leading medical device news business journal telling the stories of the devices that save lives.

Visit Website
MDO ad
Medical Design and Outsourcing
  • MassDevice
  • DeviceTalks
  • MedTech 100 Index
  • Medical Tubing + Extrusion
  • Drug Delivery Business News
  • Drug Discovery & Development
  • Pharmaceutical Processing World
  • R&D World
  • About Us/Contact
  • Advertise With Us
  • Subscribe to Print Magazine
  • Subscribe to E-newsletter
  • Attend our Monthly Webinars
  • Listen to our Weekly Podcasts
  • Join our DeviceTalks Tuesdays Discussion

Copyright © 2022 WTWH Media, LLC. All Rights Reserved. Site Map | Privacy Policy | RSS

Search Medical Design & Outsourcing

  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • Med Tech Resources
    • DeviceTalks Tuesdays
    • Digital Editions
    • eBooks
    • Manufacturer Search
    • Medical Device Handbook
    • MedTech 100 Index
    • Podcasts
    • Print Subscription
    • The Big 100
    • Webinars / Digital Events
    • Whitepapers
    • Video
  • 2022 Leadership in MedTech
    • 2022 Leadership Voting!
    • 2021 Winners
    • 2020 Winners
  • Women in Medtech