Montagu Private Equity says it has a deal to acquire Tyber Medical and merge the contract development and manufacturing organization with Intech and Resolve Surgical Technologies.
The acquisition and merger — pending customary regulatory approvals and closing conditions — would create what Montagu called “a world-leading medical devices supplier.”
“The combined entity will offer a unique mix of proprietary market-cleared technologies, and development and manufacturing scale, that will enable its OEM customers to achieve unmatched speed to market and improve the resiliency and effectiveness of their supply chain,” Montagu said in a news release. “At the time of the merger, the platform will be a leading contract supplier of systems for Spine, Trauma, Extremities, Sports Medicine and Enabling Technologies, with plans to expand its pioneering innovation-led model into additional markets. The planned merger will support accelerated innovation and help improve standards of care for patients globally.”
Tyber Medical founder and CEO Jeff Tyber said his Bethlehem, Pennsylvania-based firm has a “proven track record of successful global launches, averaging 12 months from signing to launch, [that] has revolutionized how our partners expand their portfolios and adapt to the evolving market dynamics.”
Tyber Medical founder and CEO Jeff Tyber [Photo courtesy of Tyber Medical]
Marquette, Michigan-based Resolve describes itself as a leading provider of contract device design, manufacturing, and lifecycle management services, while Intech (headquartered in Rang-du-Fliers, France) calls itself a leader in the co-development and manufacturing of complex orthopedic surgical devices.
“The three organisations share similar passion and focus on delivering innovative, high-quality, reliable solutions to OEM customers, surgeons, and patients,” Montagu Partner Adrien Sassi said in the release. “We look forward to partnering with Jeff Tyber and his talented team, as well as extending our successful collaboration with Intech and Resolve.”
Intech President and CEO Laurent Pruvost said the deal would combine Intech’s global manufacturing footprint and know-how with Resolve and Tyber’s tailored solutions to “establish ourselves as the undisputed partner of choice in the industry.”
Said his counterpart at Resolve, President and CEO Megan Osorio: “Bringing innovation to market with speed and quality is of the utmost importance to our OEM customers. Joining forces will increase our ability to support their growth across the full range of orthopaedic implants & instruments by bringing the deep experience of our respective teams and scale of our manufacturing footprint together.”
Montagu last year bought Medical Device Components (MDC) from Johnson Matthey for $700 million, following up by adding Lighteum to MDC in November.
