Copy to clipboard 
HG Medical, a global contract manufacturer of complex orthopedic implants for the extremity sector, is pleased to announce that it signed a definitive agreement to acquire PTU Medical from its founder, CEO and sole shareholder Tevfik Uzun, who will stay on board as Managing Director of PTU Medical.
PTU Medical is a contract manufacturer of drills, cutting instruments and implants with applications in orthopedic spinal, extremities and trauma surgeries. From its headquarters and production facility in Spaichingen, located in Germany’s medical technology cluster of Tuttlingen, PTU Medical serves an international customer base of orthopedic OEMs. PTU Medical has undergone an impressive development over the past years. The company has built a strong reputation for its engineering expertise, high product quality and critical offering in the underserved bone drills market.
Craig Bluett, CEO of HG Medical, commented: “We selected PTU Medical as our partner because of its shared commitment to excellence, customer focus, and the pursuit of being the best – values that align perfectly with HG Medical’s ethos. Our combined offerings create a comprehensive portfolio for the extremities and spinal segments, encompassing implants and associated ancillary devices. We are thrilled to work alongside Mr. Uzun to unite these two standout organizations and deliver even greater value to our OEM customer base. Mr. Uzun’s remarkable success with PTU Medical underscores his expertise and vision, and we firmly believe that our collaboration will further accelerate the growth and trajectory of this already exceptional company.”
Tevfik Uzun, CEO of PTU Medical, noted: “Both PTU Medical and HG Medical have grown from founder-started companies into world-class suppliers serving the largest orthopedic companies worldwide. This shared journey reflects both businesses’ dedication to innovation, precision, and an unwavering focus on quality. PTU Medical’s chapter as a standalone company is now complete and the next chapter as part of the HG Medical group begins. For many years, HG Medical was known to me as a company of excellent reputation in the industry, with a steadfast commitment to customers. By combining the resources and expertise of two industry leaders, this partnership will further enhance the ability to deliver cutting-edge solutions tailored to customers’ evolving needs. Our consolidated organizations will be better positioned to innovate faster, streamline processes, and provide unparalleled service to our collective customer base.”
Elisa Patricia Suhl, Head of M&A at HG Medical, added: “The acquisition of PTU Medical marks HG Medical’s first add-on acquisition. This is a transformational moment for both organizations. We are firmly convinced that the combination of HG Medical and PTU Medical will be highly value creating for our customers and highly synergistic for our group. We warmly welcome Tevfik and his full team into the group.”
Source: HG Medical
