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Veranex Acquires Fusion Biotec To Continue Accelerating Medtech Diagnostic Solutions

Dec 13, 2022almost 3 years ago

Acquiring Company

Veranex

Acquired Company

Fusion Biotec

RaleighSoftwareMedical DeviceMedicalBiotechnologyHealth CareManufacturing

Description

Veranex, the only truly comprehensive, global, tech-enabled service provider dedicated to the MedTech industry, announced today that it has acquired Fusion Biotec (Fusion), a design and engineering leader for complex electro-mechanical diagnostic instrumentation and medical devices located in Orange, California. Veranex and Fusion’s combined expertise and specialization in design and engineering, with Veranex’s established infrastructure and expertise for full-scale, rapid development of diagnostic and IVD solutions and Fusion’s ultra-quick concept-to-production model, ensures a continued focus on accelerating the development of diagnostic and medical technology solutions for regulatory and commercial success.

Company Information

Company

Veranex

Location

Raleigh, North Carolina, United States

About

Veranex is the only truly comprehensive, global, tech-enabled service provider dedicated to the medical technology industry. Offering expert guidance for each of its four concept-through-commercialization pillars — engineering and design, clinical, market access, and regulatory — Veranex enables accelerated speed to market, controlled development costs, development risk mitigation, and accelerated market viability assessment. At every stage, Veranex customers realize efficiencies in cost and time, while its comprehensive solutions unify the entire development process. For more information, visit VeranexSolutions.com or follow on LinkedIn.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed