MDC Expands Global Leadership with Acquisition of Lighteum to Advance Medical Device Manufacturing

MDC Expands Global Leadership with Acquisition of Lighteum to Advance Medical Device Manufacturing

(IN BRIEF) MDC has completed the acquisition of Lighteum, a leader in nitinol-based medical component manufacturing, expanding its capabilities in the medical device industry. The acquisition combines MDC’s expertise in platinum group metals and micromachining with Lighteum’s advanced nitinol processing techniques. This merger allows MDC to enhance its product offerings, from prototyping to high-volume production, while reinforcing its commitment to innovation. The integration of Lighteum’s design and development capabilities strengthens MDC’s ability to support medical device companies in bringing life-saving technologies to market faster and with greater precision. The combined company will expand globally and improve customer support and supply chain stability.

(PRESS RELEASE) LONDON, 12-Nov-2024 — /EuropaWire/ — MDC (Medical Device Components), a global leader in high-precision, minimally invasive medical device components, has completed its acquisition of Lighteum, a recognized innovator in the manufacturing of nitinol-based medical components. The deal, finalized on November 8, 2024, marks a significant step in MDC’s strategic growth.

This acquisition combines MDC’s deep expertise in platinum group metals and advanced micromachining with Lighteum’s cutting-edge capabilities in nitinol processing, which includes high-throughput laser cutting, laser welding, heat shaping, and electropolishing. By integrating these complementary technologies, MDC will expand its product offerings and enhance its ability to meet the evolving needs of the global medical device industry.

MDC’s CEO, Don Freeman, expressed his enthusiasm for the acquisition, stating, “We are excited to welcome Lighteum into the MDC family. The synergy between our capabilities will allow us to offer customers a seamless range of services, from initial prototyping to high-volume production. This acquisition underscores our ongoing commitment to innovation and positions us to deliver more comprehensive solutions that can improve patient outcomes worldwide.”

The acquisition also strengthens MDC’s design and development capabilities, a key area highlighted by Adrien Sassi, Partner at Montagu: “We’re delighted to support MDC in this acquisition, which follows the successful carve-out of Lighteum’s business. With Lighteum’s enhanced design and development capabilities, MDC will be able to accelerate the launch of life-saving devices and better serve the medical device industry.”

Lighteum’s reputation for rapid prototyping and close collaboration with customers sets it apart as a flexible and agile partner in the industry. With the support of MDC’s global infrastructure, R&D expertise, and extensive manufacturing resources, the combined company is poised to drive further innovation, helping medical device companies bring their technologies to market faster and with greater precision.

Lorie Lodico IV, COO of Lighteum, added, “This acquisition allows us to extend our white-glove customer service and rapid response times to a broader global customer base.” Jose Maeso, CTO of Lighteum, emphasized that the integration of MDC’s strengths in precious metal components and nitinol fabrication with Lighteum’s process development expertise will push the limits of what’s possible in medical device manufacturing.

The merger of MDC and Lighteum will also enhance their ability to provide world-class customer support, ensuring supply chain stability while expanding manufacturing capabilities in locations including San Diego, Mexicali, Australia, and beyond. This combined strength will allow the two companies to meet the growing complexity of medical device designs, offering cutting-edge solutions to the industry.

Following the successful close of the acquisition, the integration of Lighteum’s operations and team has already begun.

About MDC
MDC is a global leader in the development and manufacture of precision medical components, specializing in platinum group metals, nitinol, and advanced coatings. With decades of expertise in metallurgy and micromachining, MDC serves the world’s leading medical device companies, helping them bring cutting-edge technologies to market with speed and reliability.

About Lighteum
Lighteum is a manufacturer of high-complexity nitinol-based medical components, focused on transforming customer experience through transparency and best-in-class innovation. Their core capabilities include femtosecond laser processing, heat shaping, and electropolishing technologies, serving the medical device market. Covington Associates served as exclusive financial advisor to Lighteum for this transaction.

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SOURCE: Montagu