Industry & Business

Galway’s Creganna sold to Swiss firm

 Breaking News
  • Technology Plays a Leading Role For Irish Business Leaders Business leaders across Ireland are firm believers in the power of technology and the important role it plays, not only in supporting their own business needs, but in overcoming the wider socioeconomic issues they face. According to research – Technology in a Transforming Ireland – of Irish business leaders commissioned by Fujitsu, nearly 6-in-10 (59 percent) say [...]...
  • Only 11% of Irish Businesses Using Renewable Energy Irish businesses have yet to make the switch to renewable energy but are looking for cleaner energy alternatives, according to new research from Calor Gas. Just 11% of Irish businesses report that they are using renewable energy. Of the businesses not using renewable energy, 85% are open to switching to a renewable alternative. The figures were [...]...
  • Research Reveals SMEs Lose €2.2 Billion a Year in Productivity Due to Administration Sage, a market leader in cloud accounting software, has revealed that Irish SMEs lose up to €2.2 billion annually in productivity due to burdensome administrative tasks. The report, ‘Sweating the Small Stuff: the impact of the bureaucracy burden’, undertaken by Plum Consulting, shows businesses in Ireland spend an average of 70 working-days per year navigating the [...]...
  • European Commission Takes Action For a More Competitive and Innovative Financial Market The European Commission has unveiled an Action Plan on how to harness the opportunities presented by technology-enabled innovation in financial services (FinTech). Europe should become a global hub for FinTech, with EU businesses and investors able to make most of the advantages offered by the Single Market in this fast-moving sector. As a first major deliverable, [...]...
  • 40% Think Irish Government Not Doing Enough to Protect Ireland From Impact of Brexit Brexit is coming closer and still a lot of questions remain unanswered. People are insecure not only about their own future but also the economic future of Ireland. iReach Insights conducted a nationally representative survey and 1,000 adults were asked about their opinion about the Brexit, it’s potential impact and what Irish people would do, [...]...

Galway’s Creganna sold to Swiss firm

February 02
12:48 2016

creganna-tactx-medical-officeGalway-based medical devices company, Crehanna has been sold for $895m in cash. The firm manufactures delivery devices used in minimally invasive vascular surgery.

The company, which is owned by London based global investment firm Permira, has been bought by Swiss based TE Connectivity.

Permira bought the Galway based firm in 2010, and since then Creganna’s revenues have grown from $131m to $249m.

Creganna has 2,000 employees working in seven offices around the world, including Galway.

It was founded in Ireland in 1979 as an engineering outsourcing firm, before entering the medical devices market in 1998.

It opened its first medical devices manufacturing facility in 2000.

In 2010, Creganna acquired Tactx Medical which specialises in catheters and delivery systems.

About Author



Related Articles

New Subscriber

Subscribe Here


National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories

Upcoming Events

  • No upcoming events
AEC v1.0.4