Key Surgical said today that it will acquire Hamburg, Germany-based Insitumed, broadening its portfolio of endoscopy products.
The acquisition is the latest in a string for Eden Prairie, Minn.-based Key Surgical. The company acquired Encompas Unlimited last year and merged in 2017 with Interlock Medizintechnik and Clinipak.
“Insitumed is highly regarded for its innovative customer-centric product development and its strong relationships with hospital-based endoscopy departments and office-based practices,” said J.V. Wulf, president of Key Surgical Europe, in a news release. “Bringing our companies together marks another exciting step forward for Key Surgical, as we continue to broaden and enhance our product offering to benefit our customers and their patients around the world.”
“We’re pleased to be joining with Key Surgical,” added Wolfgang Drews, managing director of Insitumed. “Our product offerings are very complementary and together we have an important opportunity to significantly enhance our product offering to customers and extend our reach into new geographic markets.”
Financial terms of the acquisition were not disclosed.
