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SIFCO acquires Springs aluminum forging company

SIFCO Industries is acquiring MW General Inc, which operates as General Aluminum Forgings in Colorado Springs. The company is an aerospace component supplier that provides precision aluminum materials to the commercial aerospace industry, military and to medical device companies. The transaction closed Tuesday, and specific terms were not disclosed. SIFCO is also a component supplier… Continue Reading SIFCO acquires Springs aluminum forging company

Spectranetics Corp., a Colorado Springs-based medical device manufacturer, announced today that it plans to buy Israeli medical-device maker Upstream Peripheral Technologies for $5.5 million, plus additional milestone payments. Upstream Peripheral Technologies, an affiliate of  ARAN Research Development & Prototypes Ltd., has produced tools that streamline peripheral vascular procedures and minimize radiation exposure. The acquisition allows Spectranetics to expand its vascular intervention… Continue Reading Spectranetics buying Israeli medical device maker for $5.5 million

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Venture capital funding in the life sciences sector, which includes the biotechnology and medical device industries, increased 21 percent during 2011, according to a new PricewaterhouseCooper’s  report, “Zigzagging Upward.” Venture capitalists invested a total of $7.5 billion in 785 life sciences deals during the year, topping 2010 performance despite a drop from the third to… Continue Reading Venture capitalists favor biotechnology over medical devices

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