Astorg-backed HG Medical to acquire PTU Medical.

Astorg-backed HG Medical, a contract manufacturer of high-quality orthopaedic implants specialising in lower extremities, upper extremities and in the spine sector, agreed to acquire PTU Medical, contract manufacturer of drills, cutting instruments and implants with applications in orthopedic spinal, extremities and trauma surgeries. Financial terms were not disclosed. "We selected ptu medical as our partner because of its shared commitment to excellence, customer focus, and the pursuit of being the best - values that align perfectly with hg medical’s ethos. Our combined offerings create a comprehensive portfolio for the extremities and spinal segments, encompassing implants and associated ancillary devices. We are thrilled to work alongside Mr. Uzun to unite these two standout organizations and deliver even greater value to our OEM customer base. Mr. Uzun’s remarkable success with ptu medical underscores his expertise and vision, and we firmly believe that our collaboration will further accelerate the growth and trajectory of this already exceptional company," Craig Bluett, hg medical CEO.