November 20, 2023 : Halma plc (LON: HLMA), a leading global group of life-saving technology companies, has announced the acquisition of the TeDan group of companies (TeDan), a provider of innovative surgical access systems, for an undisclosed sum. The acquisition strengthens Halma’s Healthcare sector and expands its reach into the surgical access market.
Based in Houston, Texas, and Half Moon Bay, California, TeDan develops, manufactures, and supplies surgical access systems in various acute therapeutic procedures. The company’s products are used by surgeons worldwide to gain safe and efficient access to the surgical site, minimizing patient trauma and improving surgical outcomes.
The acquisition of TeDan aligns with Halma’s strategy of investing in high-growth, innovative companies that address unmet medical needs. TeDan’s products complement Halma’s existing portfolio of surgical solutions and will enhance the company’s ability to provide comprehensive solutions to surgeons.
“We are delighted to welcome TeDan and its talented team to Halma,” said Andrew Williams, CEO of Halma. “TeDan’s innovative products and expertise in surgical access systems are a valuable addition to our Healthcare portfolio. This acquisition strengthens our position in the surgical market and expands our reach into a growing segment.”
The acquisition of TeDan is a strategic move for Halma, further solidifying its position as a leading provider of life-saving medical technologies. TeDan’s expertise in surgical access systems complements Halma’s existing portfolio and expands its presence in a high-growth market.
The surgical access market is expected to grow at a compound annual growth rate (CAGR) of 5.5% over the next five years, driven by increasing demand for minimally invasive surgical procedures and the development of new surgical techniques. Halma’s acquisition of TeDan positions the company to capitalize on this growth opportunity.
The acquisition also aligns with Halma’s commitment to investing in innovation. TeDan’s product pipeline includes several promising new technologies that have the potential to revolutionize surgical access procedures. Halma’s resources and expertise will help accelerate the development and commercialization of these products.
The acquisition of TeDan is a significant development for Halma, strengthening its Healthcare sector and expanding its reach into the surgical access market. The company’s commitment to innovation and its focus on providing life-saving medical technologies position it well for continued success in the years to come.