Asahi Intecc Group, a Japan-based medical equipment manufacturer, agreed to acquire REV.1 Engineering, a US-based contractor of design and development of medical devices, for $27m. By making Rev. 1 a subsidiary, Asahi Intecc Group will incorporate said know-how under its umbrella, which will lead to the strengthening of catheter development, and by utilizing Asahi Intecc Group’s manufacturing bases, Rev. 1’s existing business will be expanded from design and development contracts to manufacturing. In addition, because the location is close to Asahi Intecc Group’s R&D base in the US, the ease of cooperation would be also an advantage.