Medical Devices Acquisitions in 2017

HOYA Corporation completed the acquisition of Performance Optics, LLC (including subsidiaries VISION EASE and Daemyung Optical) from Wind Point Partners. The deal expands HOYA Vision Care’s product capabilities in polycarbonate, photochromic, polarized and high-index lens technologies and broadens its global manufacturing footprint across the United States, South Korea, China, Thailand and Indonesia.

IPG Photonics Corporation has acquired Innovative Laser Technologies, Inc. (ILT) from Generation Growth Capital Fund II, LP for $40 million in cash. ILT, a Minneapolis-based designer and manufacturer of high-precision laser systems for medical device OEMs, will expand IPG's ability to deliver turnkey laser systems and integrated solutions to the medical device market and other end-user industries.

UL (Underwriters Laboratories) has acquired Emergo, an Austin-based regulatory services firm for medical device manufacturers, expanding UL's health sciences regulatory and market access capabilities. Emergo's headquarters and more than 200 employees will be retained as UL integrates Emergo's device registration expertise to accelerate global market access for customers.