Creganna Tactx Medical

Creganna, a leading supplier of products and technologies and services to medical device and lifescience companies, acquired Taxtx Medical, in January 2009, in a bid to join the top ranks of the global minimally invasive medical device companies.

California based Tactx provides OEM balloon catheters, balloon blowing, braiding and coiling. The combined company, Creganna-Tactx Medical will specialize in high-end therapeutic catheters for interventional cardiology, neurology, peripheral vascular, cardiac rhythm management and endoscopy.

The combined operations, which generated revenues of $110 million in 2009, will employ more than 800 workers worldwide.

In February, 2009, Creganna acquired Micromuscle AB and its Nobel Prize-winning artificial muscle technology after the Swedish firm's venture-capital backer backed out.