Sligo-based blue chip company ProTek Group have announced that it has acquired the business of Galway-based medical device design firm AP Design which is based in the NUI Galway Business Innovation Centre.
Based in Sligo’s IDA Business Park, ProTek Medical is one of Ireland’s leading contract manufacturing providers to international blue chip medical device companies. ProTek Medical specialises in injection moulding components for critical care medical device applications such as, stent delivery devices used in minimally invasive cardiovascular surgeries.
According to Enterprise Ireland the medical device sector is worth €7.2bn to Irish exports each year. The new ProTek Design facility in Galway puts the company in the centre of Europe’s largest medical device hub. Employing over 125 highly skilled people in a state of the art facility, the additional capabilities mean ProTek is poised to generate job growth across a variety of disciplines over the next 12 months.
AP Design has been supporting companies in new product development since 2006. The acquisition means AP Design will continue to deliver innovative product design together with the infrastructure, resources and support services of ProTek Medical to become a complete outsourcing provider to Medical Device and Healthcare companies.
Des Regan Owner of AP Design, said: “The company is committed to our existing projects and has strategic integration plans prepared to ensure projects run seamlessly. The entire team here at AP Design will remain in our Galway office with myself assuming the role of Design Director at ProTek Medical. We are very excited of this new venture and are looking and are looking forward to providing added manufacturing capabilities that complement our design services.”
Speaking on behalf of the Technology Transfer Office at NUI Galway, Fiona Neary said: “We in NUI Galway are delighted to hear about the acquisition of AP Design and Protek Medical one of Ireland’s leading contract manufacturers, we are confident this enhanced team will deliver innovative products and design and continue to go from strength to strength.
We look forward to building further relationships with Protek Medical as we have with AP Design and NUI Galway is happy to offer any supports required going forward. I wish you every success for the future as you grow and strengthen your collaboration."