Medical device design & engineering firm Vention Medical acquired Fast Forward Medical and its catheter technologies for an undisclosed amount.
Salem, N.H.-based Vention, which is owned by KRG Capital Partners, said Plymouth, Minn.-based Fast Forward’s management team will stay in place after the merger.
“The addition of Fast Forward Medical further strengthens Vention’s ability to deliver complex, industry-leading component and catheter technologies to our customers. The Minneapolis area is a strategic region for us, allowing us to further align with our customers and continue to provide the best solutions available in this market. We are excited to partner with this talented team of experienced industry experts as they continue to lead the Fast Forward business and enhance our Advanced Components offering,” Vention CEO Dan Croteau said in prepared remarks.
“In joining Vention, our combined experience and expertise allows us to elevate the level of innovation and service we provide to our customers. Vention’s renowned Advanced Polymer balloon technologies, together with its global footprint, fits perfectly with our strategic vision of providing the most innovative and complex catheter solutions to our customers every step of the way—from design to manufacture. This is the vision we have built our business on, and Vention’s strategic customer focus in these areas aligns perfectly with our expertise in braided catheter shafts and catheter technologies,” Fast Forward co-founder and principal Brady Hatcher added.
"By combining the two entities, Vention and Fast Forward will better support their respective customers by increasing scale, expanding capabilities and improving local market presence," according to a press release.
Vention acquired RiverTech Medical, a medical and electrical tubing maker based in Chattanooga, Tenn., in July. In August 2011, Vention took over NSAmed, an Ireland-based medical tubing company, an acquisition the company used an as opportunity to set up a European base for distribution.
Formerly known as MedTech Holdings Inc., comprising TDC Medical Inc., Advanced Polymers Inc. and The MedTech Group Inc., Vention rebranded in February 2011.