EX-99.1
3
a5577983ex991.txt
EXHIBIT 99.1
Exhibit 99.1
Greatbatch Announces Completion of Precimed Acquisition
CLARENCE, N.Y.--(BUSINESS WIRE)--Jan. 7, 2008--Greatbatch, Inc. (NYSE: GB)
announced today that it has successfully completed its previously announced
acquisition of P Medical Holding SA ("Precimed"), a leading technology-driven
supplier to the orthopedic industry.
Greatbatch's acquisition of Precimed was structured as a stock purchase. In
exchange for the outstanding shares of Precimed, Greatbatch paid approximately
CHF 123,000,000 in cash and, under terms of the purchase agreement, will pay an
additional earnings-based contingent cash payment of up to CHF 12,000,000 in
2009. The purchase price was funded with cash on hand and a borrowing under
Greatbatch's revolving credit agreement. In connection with the transaction,
Greatbatch acquired Precimed's rights and obligations under an agreement to
acquire the operations of another company in the orthopedic industry, which
transaction is expected to close in early 2008.
Precimed is located in Orvin, Switzerland & Exton, PA, with manufacturing
operations throughout Switzerland and Indiana and sales offices in Japan, Asia
and the United Kingdom. Its products, including instrumentation for hip and knee
replacement, trauma and spine, are sold worldwide to leading orthopedic
customers.
About Greatbatch, Inc.
Greatbatch, Inc. (NYSE: GB) is a leading developer and manufacturer of
critical components used in medical devices for the cardiac rhythm management,
neurostimulation, vascular, orthopedic and interventional radiology markets.
Additionally, Electrochem Commercial Power, a subsidiary of Greatbatch, is a
world leader in the design and manufacture of electrochemical cells, battery
packs and wireless sensors for demanding applications such as oil and gas
exploration, pipeline inspection, military, asset tracking, oceanography,
external medical and seismic surveying. Additional information about the Company
is available at www.greatbatch.com.
CONTACT: Greatbatch, Inc.
Anthony W. Borowicz, 716-759-5809
Treasurer and Director, Investor Relations
tborowicz@greatbatch.com

EX - 99 . 1 3 a5577983ex991 . txt EXHIBIT 99 . 1 Exhibit 99 . 1 Great batch Announces Completion of Precimed Acquisition CLARENCE , N . Y . -- ( BUSINESS WIRE ) -- Jan. 7 , 2008 -- Greatbatch , Inc . ( NYSE : GB ) announced today that it has successfully completed its previously announced acquisition of P Medical Holding SA ( " Precimed " ) , a leading technology - driven supplier to the orthopedic industry . Great batch 's acquisition of Precimed was structured as a stock purchase . In exchange for the outstanding shares of Precimed , Greatbatch paid approximately CHF 123,000,000 in cash and , under terms of the purchase agreement , will pay an additional earnings - based contingent cash payment of up to CHF 12,000,000 in 2009 . The purchase price was funded with cash on hand and a borrowing under Great batch 's revolving credit agreement . In connection with the transaction , Great batch acquired Precimed 's rights and obligations under an agreement to acquire the operations of another company in the orthopedic industry , which transaction is expected to close in early 2008 . Precimed is located in Orvin , Switzerland & Exton , PA , with manufacturing operations throughout Switzerland and Indiana and sales offices in Japan , Asia and the United Kingdom . Its products , including instrumentation for hip and knee replacement , trauma and spine , are sold worldwide to leading orthopedic customers . About Greatbatch , Inc . Greatbatch , Inc . ( NYSE : GB ) is a leading developer and manufacturer of critical components used in medical devices for the cardiac rhythm management , neuro stimulation , vascular , orthopedic and interventional radiology markets . Additionally , Electrochem Commercial Power , a subsidiary of Greatbatch , is a world leader in the design and manufacture of electrochemical cells , battery packs and wireless sensors for demanding applications such as oil and gas exploration , pipeline inspection , military , asset tracking , oceanography , external medical and seismic surveying . Additional information about the Company is available at www.greatbatch.com . CONTACT : Greatbatch , Inc . Anthony W . Borowicz , 716 - 759 - 5809 Treasurer and Director , Investor Relations tborowicz@greatbatch.com