Creganna extends international reach with acquisition of Avalon Medical

GALWAY-based medical technology company Creganna has significantly expanded its international status by acquiring US medical device services company Avalon Medical Services for an undisclosed sum.

Both firms supply technologies and services to the international medical device and life sciences sector; specialising in products which remove the need for major surgery.

The significance of the deal for Creganna (the enlarged entity will go under the name Creganna- Tactx Medical) will see its employee numbers rise from 550 to 800 and nearly double its annual revenue to around €76 million.