A key reason for the acquisition is the increasing importance of vascular access and delivery systems to enable new therapies, according to Peter Reimer, president of Heraeus Medical Components. Heraeus said it plans to capitalize on these strengths to offer customers greater value for stents, laser-cut hypotubes and flexible shaft technologies for catheters.
“It’s been a direct ask from our customers in recent years, and we are excited to bring aboard the expertise and capabilities of Pulse Systems,” Reimer said in a news release. “Their center of proximity is located in a key medical technology innovation and incubation hub in the Bay Area, which will also strengthen our global R&D footprint. This move will enable us to deliver greater value and innovation to our interventional device partners.”
“This move allows Pulse Systems to take advantage of Heraeus’ world-class expertise in materials science, high-volume manufacturing and global reputation as a medical technology innovator,” added Pulse Systems CEO Geoff Hall. “It expands our capabilities and positions us to better serve our customers.”
Founded in 1998 and located in Concord, Calif., Pulse Systems provides contract development and manufacturing to medical device OEMs to support complex implants and delivery systems. The company’s precision laser machining and processing services support customers’ broader needs for metal components and sub-assemblies.
The acquisition will add Pulse Systems’ advanced technology, materials expertise and competence in the processing, development and manufacturing of nitinol and tube-based technologies to Heraeus, which has acquired three companies in the last 14 months.
“This acquisition strategy is an intentional and deliberate approach to expand our overall technology abilities and platforms,” said Nicolas Guggenheim, head of business area medical technologies for Heraeus. “Medical technology is changing rapidly, and acquisitions like Pulse Systems enable our customers to bring innovative solutions to the market faster.”