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Heraeus acquires Norwood Medical

December 27, 2021 By Chris Newmarker

Heraeus Holding announced today that it has purchased Dayton, Ohio–based Norwood Medical.

Norwood Medical and its more than 1,100 employees make high-precision components in three key medical device markets: minimally-invasive surgery, orthopedics and robotic-assisted surgery.

The financial terms of the deal were not disclosed. Norwood Medical will continue to operate as a standalone business and retain its company name and management team.

“When we began discussions, it was evident that Norwood checked all the boxes: an experienced team, an outstanding innovation culture and a track record of manufacturing excellence. We are very confident we can accelerate their growth and penetrate new markets around the world,” Heraeus Holding CEO Jan Rinnert said in a news release.

Ken Hemmelgarn Jr., the VP of finance of Norwood Medical, said merging with Heraeus will enable it to capitalize on the Hanau, Germany–based giant’s global reputation and better scale the business.

About The Author

Chris Newmarker

Chris Newmarker is the executive editor of WTWH Media life science's news websites and publications including MassDevice, Medical Design & Outsourcing and more. A professional journalist of 18 years, he is a veteran of UBM (now Informa) and The Associated Press whose career has taken him from Ohio to Virginia, New Jersey and, most recently, Minnesota. He’s covered a wide variety of subjects, but his focus over the past decade has been business and technology. He holds bachelor’s degrees in journalism and political science from Ohio State University. Connect with him on LinkedIn or email at cnewmarker@wtwhmedia.com.