Sandvik Acquires Doncasters Medical Technologies
SANDVIKEN, Sweden, JUNE 12, 2007--Sandvik Materials Technology has reached an agreement with Doncasters Group Ltd. to acquire the Doncasters Medical Technologies division. The acquisition is expected to be completed during the second quarter of 2007.
Doncasters Medical Technologies is a contract manufacturer of orthopaedic implants and instruments to the medical industry. The products are produced in high-alloy stainless materials, titanium and cobalt-based alloys, and its customers include leading medical technology companies that sell directly to hospitals and physician clinics. With some 430 employees, Doncaster operations are based in the U.K., the United States and Mexico.
Sandviks existing operations in the medical segment include development and manufacture of high-alloy materials in stainless steel, titanium and cobalt chrome. The materials are used in medical applications such as implants, surgical instruments and pacemakers.
Doncasters Medical Technologies fits well into Sandvik Materials Technologys core operations and long-term strategy. The acquisition provides us with the expertise needed to secure a unique position within manufacturing and development of orthopaedic implants and instruments. Doncasters Medical Technologies applications know-how provides us the possibility to develop our materials offering to the medical segment, said Peter Gossas, president of Sandvik Materials Technology.
