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Intech closed with Montagu, a private equity firm, to further enhance the momentum that Intech has generated in the past decade and to reinforce their position as a contract manufacturing leader in the global orthopedic industry.
Intech has been on a growth path within the past ten years, with acquisitions of Turner Medical (2015), Ortho Solutions (2016), Pyxidis (2017) and Bradshaw Medical (2018). Intech expects to generate over EUR 120 million in 2021 revenue, with more than 75% of that derived from the U.S. market, and has also invested in its manufacturing facilities, upgrading and expanding several plants while rethinking its processes to boost efficiency in order to better serve its international customers.
Montagu has become a player in private equity in orthopedics of late, as seen in its recent purchase of the OEM business of RTI Surgical.
The combination of Montagu’s experience in the healthcare and technology space with Intech’s expertise at manufacturing medical devices aims to alleviate customer challenges by expanding capacity, optimizing workflows, and pursuing strategic growth opportunities.
Source: Intech
