Vantedge Buys Leading Medical Device Firm Hobson & Motzer
Vantedge Medical acquires Hobson & Motzer, enhancing its surgical stapler market and manufacturing capabilities.
Breaking News
Aug 22, 2024
Simantini Singh Deo
Vantedge Medical, backed by Aterian Investment Partners, has
acquired US-based precision medical device manufacturer Hobson & Motzer.
Although the financial details remain confidential, this acquisition aims to
bolster Vantedge’s presence in the surgical stapler market and broaden its
range of consumable products.
Additionally, the deal will enhance Vantedge's role as a key
manufacturing partner for top-tier medical OEMs across the country. Established
in 1912, Hobson & Motzer brings a wealth of experience and capabilities,
including precision electrochemical machining, progressive stamping, and
advanced tool and die operations.
Since being acquired by Aterian in May 2018, Vantedge has
grown rapidly, adding five medical technology companies to its portfolio,
building new production facilities, and investing in both equipment and
workforce development. Today, Vantedge operates nine facilities across the US
and employs over 1,200 people. The recent acquisition of Hobson & Motzer,
facilitated by legal counsel from Weil Gotshal & Manges, marks another
milestone in this growth.
Vantedge Medical chief commercial officer Greg Santorno
stated, “Our union with Hobson & Motzer provides an expanded capability set
that significantly increases the value we will deliver to our customers. The
addition of precision progressive die stamping, unique value-add machining and
assembly technologies, and a deep expertise in the manufacturing of surgical
stapler anvils, complements our existing strengths serving the robotic-assisted
surgery, surgical instrumentation, orthopaedics, ophthalmology, dental, drug
delivery and medical diagnostics markets.”