Motion Dynamics recently announced the acquisition of ViaMed Holdings, a manufacturer of custom, micro-precision components and subassemblies for the medical device industry.
Fruitport, Mich.-based Motion Dynamics makes wire-based micro-components and sub-assemblies for the medical device, industrial and aerospace industries, specializing in micro-catheters, pacemakers and neuromodulation devices. Private equity player Vance Street Capital invested an unspecified amount in Motion Dynamics and its wire-based components business in 2016. This transaction represents the first strategic add-on acquisition for Motion Dynamics.
ViaMed (Easton, Mass.) specializes in the custom fabrication of miniature components and subassemblies used in the manufacture of access, delivery and closure systems for medical device OEMs and contract manufacturers in the neurovascular, peripheral vascular and orthopedic markets. ViaMed’s custom coiling, braiding and shape setting manufacturing capabilities range from enabling device articulation of components within complex medical devices to specialty guidewire components, including complex nitinol assemblies.
“We are excited about this partnership as it will enable us to provide a broader range of capabilities, products and services while maintaining our core focus on providing best-in-class products and dedication to quality and customer service above all else,” said Motion Dynamics president Chris Witham in a news release. “This partnership enhances our ability to offer complementary capabilities to simplify the supply chain and continue to solve our customers’ toughest design and manufacturing challenges.”
John LeRosen, a partner at Vance Street and director of Motion Dynamics, added, “The combination of manufacturing capabilities will allow customers to choose between nitinol springs, coils and complex braid patterns based on the customer’s specific product application requirements or a mixture of these solutions through a single vendor.”
Vedder Price LLP acted as legal advisor to Motion Dynamics. Coogan Smith LLP served as legal advisor to ViaMed. Terms of the deal were not disclosed.
