EX-99.1
2
a5549395ex99_1.txt
EXHIBIT 99.1
Exhibit 99.1
Greatbatch Announces Completion of Quan Emerteq and EAC Acquisitions
CLARENCE, N.Y.--(BUSINESS WIRE)--Nov. 16, 2007--Greatbatch, Inc.
(NYSE: GB) announced today that it has successfully completed its
previously announced acquisitions of Quan Emerteq LLC and Engineered
Assemblies Corporation ("EAC").
Greatbatch's acquisitions of Quan Emerteq and EAC were structured
as asset purchases. For the net assets purchased of Quan Emerteq,
Greatbatch paid $55 million in cash, which will be increased or
decreased by the final working capital adjustment as defined in the
purchase agreement. For the net assets purchased of EAC, Greatbatch
paid $12.4 million in cash, which will be increased or decreased by
the final working capital adjustment and earn out payment as defined
in the purchase agreement.
Quan Emerteq, based in Blaine, Minnesota, a suburb of Minneapolis,
designs, develops and manufactures single use medical device products
for the vascular, cardiac rhythm management and neurostimulation
markets.
EAC, based in Teterboro, New Jersey, with operations in Suzhou,
China, is a leading provider of custom battery solutions and
electronics integration focused on rechargeable battery systems.
About Greatbatch
Greatbatch, Inc. (NYSE: GB) is a leading developer and
manufacturer of critical components used in medical devices for the
cardiac rhythm management, neurostimulation, vascular and
interventional radiology markets. Additionally, Electrochem Commercial
Power, a subsidiary of Greatbatch, is a world leader in the design and
manufacture of lithium cells and battery packs for demanding
applications such as oil and gas exploration, pipeline inspection,
military, asset tracking, oceanography and seismic surveying.
Additional information about the Company is available at
www.greatbatch.com.
CONTACT: Greatbatch, Inc.
Anthony Borowicz, 716-759-5809
Treasurer and Director, Investor Relations
tborowicz@greatbatch.com

EX - 99 . 1 2 a5549395ex99 _ 1 . txt EXHIBIT 99 . 1 Exhibit 99 . 1 Great batch Announces Completion of Quan Emerteq and EAC Acquisitions CLARENCE , N . Y . -- ( BUSINESS WIRE ) -- Nov. 16 , 2007 -- Greatbatch , Inc . ( NYSE : GB ) announced today that it has successfully completed its previously announced acquisitions of Quan Emerteq LLC and Engineered Assemblies Corporation ( " EAC " ) . Great batch 's acquisitions of Quan Emerteq and EAC were structured as asset purchases . For the net assets purchased of Quan Emerteq , Great batch paid $ 55 million in cash , which will be increased or decreased by the final working capital adjustment as defined in the purchase agreement . For the net assets purchased of EAC , Greatbatch paid $ 12.4 million in cash , which will be increased or decreased by the final working capital adjustment and earn out payment as defined in the purchase agreement . Quan Emerteq , based in Blaine , Minnesota , a suburb of Minneapolis , designs , develops and manufactures single use medical device products for the vascular , cardiac rhythm management and neuro stimulation markets . EAC , based in Teterboro , New Jersey , with operations in Suzhou , China , is a leading provider of custom battery solutions and electronics integration focused on rechargeable battery systems . About Greatbatch 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 and interventional radiology markets . Additionally , Electrochem Commercial Power , a subsidiary of Greatbatch , is a world leader in the design and manufacture of lithium cells and battery packs for demanding applications such as oil and gas exploration , pipeline inspection , military , asset tracking , oceanography and seismic surveying . Additional information about the Company is available at www.greatbatch.com . CONTACT : Greatbatch , Inc . Anthony Borowicz , 716 - 759 - 5809 Treasurer and Director , Investor Relations tborowicz@greatbatch.com