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Quasar Medical Acquires Ridgeback Technologies to Expand Catheter Balloon Expertise
Slice of Manufacturing Team
September 30, 2024
Key Highlights:
Quasar Medical acquires Ridgeback Technologies, boosting its catheter balloon manufacturing capabilities.
The acquisition enhances Quasar’s ability to deliver custom balloon catheter solutions with accelerated time to market.
Ridgeback Technologies, known for cutting-edge catheter balloon design, strengthens Quasar's full-service solutions.
Expansion to Galway, Ireland, integrates Ridgeback’s rapid design and prototyping into Quasar’s global operations.
Source: Newswire
Notable Quotes:
“The acquisition of the Ridgeback team is a significant milestone in our strategic growth plan. Ridgeback’s innovative balloon technology fills a critical gap in Quasar’s capabilities plus expands our footprint to Galway, Ireland, with its vibrant med-tech community.”
“Joining Quasar Medical marks an exciting new chapter for the Ridgeback team. I am excited to leverage Quasar’s mass production set-up, adding scale-up to our front-end design and development expertise.”
“The acquisition of Ridgeback Technologies further expands our NPD team, supporting customers in the design phase of medical devices.”
Our Take:
The acquisition of Ridgeback Technologies represents a strategic move by Quasar Medical, aligning with its broader goals to dominate the minimally invasive medical device market. By integrating Ridgeback’s proven catheter balloon design and rapid prototyping capabilities, Quasar can significantly enhance its value proposition to medical device manufacturers. The expansion to Galway not only strengthens Quasar’s global presence but also taps into a rich med-tech ecosystem, offering significant potential for innovation and accelerated product development. This acquisition sets the stage for Quasar to provide comprehensive, end-to-end manufacturing solutions with unmatched speed and efficiency, a critical advantage in the highly competitive medical device industry.