Latest news with #Medin
Barnama
an hour ago
- Business
- Barnama
Malaysia's Straits Orthopaedics Acquires US Firm Medin Technologies
BUSINESS KUALA LUMPUR, July 25 (Bernama) -- Straits Orthopaedics (Mfg) Sdn Bhd (Straits), a Malaysian-based contract manufacturer specialising in orthopaedic implants and surgical instruments, has acquired Medin Technologies Inc (Medin). In a statement, Straits said the strategic acquisition marked a significant milestone in the company's global expansion efforts and strengthens its ability to offer integrated solutions to original equipment manufacturers (OEMs) worldwide. With over two decades of experience serving the global orthopaedic market, this acquisition positions Straits to deliver a broader and more cohesive range of manufacturing capabilities. Straits Chief Executive Officer, Scott Gareiss said Medin's expertise in design, vertical integration, and quality control complements the company's existing offerings. 'The addition of Medin's case and tray product lines expands our capabilities in supporting joint replacement, trauma, extremities, spine, power equipment, and more,' he added. Medin General Manager, Hans de Waal welcomed the acquisition, noting that the company has been a key player in the orthopaedic market since 1979. 'Joining Straits enables Medin to provide comprehensive solutions across multiple segments as a global contract manufacturing organisation (CMO), including fully kitted instrument sets ready for distribution,' he said. A United States (US)-based manufacturer of sterilisation cases and trays for the orthopaedic sector, Medin operates two manufacturing facilities in Totowa, New Jersey, and Manchester, New Hampshire. Meanwhile, Quadria Capital Partner and Straits Board Director, Ewan Davis said the acquisition is in line with the firm's commitment to enhancing Straits' global footprint and driving greater patient impact.
Yahoo
7 hours ago
- Business
- Yahoo
Straits Orthopaedics Expands Global Footprint with Acquisition of U.S.-Based Medin Technologies, Strengthening Orthopaedic Manufacturing Portfolio
PENANG, Malaysia, July 25, 2025--(BUSINESS WIRE)--Straits Orthopaedics (Mfg) Sdn Bhd ("Straits"), a leading Malaysia-based contract manufacturer specializing in the precision machining of orthopaedic implants and surgical instruments, today announced the successful acquisition of Medin Technologies, Inc. ("Medin"), a U.S.-based manufacturer of sterilization cases and trays for the orthopaedic sector operating two facilities in Totowa, New Jersey, and Manchester, New Hampshire. This strategic acquisition represents a pivotal step in Straits' growth trajectory, reinforcing its commitment to broadening both its product offerings and global manufacturing capabilities. With over 20 years of experience serving the global orthopaedic market, Straits is now uniquely positioned to deliver a more integrated and expansive suite of solutions to its global OEM partners. Hans de Waal, General Manager of Medin, said, "Medin Technologies is excited to become a part of the Straits Orthopaedics organization. Our company has been serving the orthopaedic market since 1979 and has become a major player in the case and tray market. Joining Straits enables the company to provide solutions across multiple segments as a global CMO capable of delivery fully kitted instrument sets ready for distribution." "We are excited to add Medin's case and tray product lines to our broad array of manufacturing capabilities," said Scott Gareiss, CEO of Straits. "Medin is recognized for their design expertise, vertical integration, and innovative quality controls for case and tray production used in systems for joint replacement, trauma, extremities, spine, power equipment, and more for medical device OEM's. The combination of Straits and Medin will enable us to serve our customers more broadly." Ewan Davis, Partner at Quadria Capital and Board Director of Straits Orthopaedics, added, "The addition of Medin demonstrates our continued focus on investing in and expanding the scope of services provided by Straits for our customers and ultimately increasing patient impact across the world. The combined businesses create a truly global footprint and is testament to the ambition and capabilities of this Malaysian orthopaedic contract manufacturing champion." Kirkland & Ellis and PwC served as advisors to Quadria and Straits. About Straits OrthopaedicsFounded in 2003 by TH Su in Penang, Straits Orthopaedics manufactures implants and instruments as a contract manufacturer serving orthopaedic OEM customers. Straits is a vertically integrated provider of precision machined products with in-house surface treatment, heat treatment, and sterile packaging. Please visit for more information. About Quadria CapitalFounded in 2012, Quadria Capital is Asia's premier healthcare investor managing over US$4 billion in assets across 27 investments in South and Southeast Asia including India, Vietnam, Indonesia, Malaysia and Singapore. Quadria Capital aims to create significant and sustainable shareholder value by partnering with exceptional healthcare businesses to enhance their impact and scale, while generating superior returns for investors. For more information, please visit View source version on Contacts Media Contact: Yvette Sign in to access your portfolio
Business Wire
7 hours ago
- Business
- Business Wire
Straits Orthopaedics Expands Global Footprint with Acquisition of U.S.-Based Medin Technologies, Strengthening Orthopaedic Manufacturing Portfolio
BUSINESS WIRE)--Straits Orthopaedics (Mfg) Sdn Bhd ('Straits'), a leading Malaysia-based contract manufacturer specializing in the precision machining of orthopaedic implants and surgical instruments, today announced the successful acquisition of Medin Technologies, Inc. ('Medin'), a U.S.-based manufacturer of sterilization cases and trays for the orthopaedic sector operating two facilities in Totowa, New Jersey, and Manchester, New Hampshire. This strategic acquisition represents a pivotal step in Straits' growth trajectory, reinforcing its commitment to broadening both its product offerings and global manufacturing capabilities. With over 20 years of experience serving the global orthopaedic market, Straits is now uniquely positioned to deliver a more integrated and expansive suite of solutions to its global OEM partners. Hans de Waal, General Manager of Medin, said, 'Medin Technologies is excited to become a part of the Straits Orthopaedics organization. Our company has been serving the orthopaedic market since 1979 and has become a major player in the case and tray market. Joining Straits enables the company to provide solutions across multiple segments as a global CMO capable of delivery fully kitted instrument sets ready for distribution.' 'We are excited to add Medin's case and tray product lines to our broad array of manufacturing capabilities,' said Scott Gareiss, CEO of Straits. 'Medin is recognized for their design expertise, vertical integration, and innovative quality controls for case and tray production used in systems for joint replacement, trauma, extremities, spine, power equipment, and more for medical device OEM's. The combination of Straits and Medin will enable us to serve our customers more broadly.' Ewan Davis, Partner at Quadria Capital and Board Director of Straits Orthopaedics, added, 'The addition of Medin demonstrates our continued focus on investing in and expanding the scope of services provided by Straits for our customers and ultimately increasing patient impact across the world. The combined businesses create a truly global footprint and is testament to the ambition and capabilities of this Malaysian orthopaedic contract manufacturing champion.' Kirkland & Ellis and PwC served as advisors to Quadria and Straits. About Straits Orthopaedics Founded in 2003 by TH Su in Penang, Straits Orthopaedics manufactures implants and instruments as a contract manufacturer serving orthopaedic OEM customers. Straits is a vertically integrated provider of precision machined products with in-house surface treatment, heat treatment, and sterile packaging. Please visit for more information. About Quadria Capital Founded in 2012, Quadria Capital is Asia's premier healthcare investor managing over US$4 billion in assets across 27 investments in South and Southeast Asia including India, Vietnam, Indonesia, Malaysia and Singapore. Quadria Capital aims to create significant and sustainable shareholder value by partnering with exceptional healthcare businesses to enhance their impact and scale, while generating superior returns for investors.
Japan Today
17-05-2025
- Politics
- Japan Today
Turkey frees Swedish journalist who was convicted for insulting President Erdogan
Swedish journalist Joakim Medin with his wife journalist Sofie Axelsson attends a press conference in Stockholm, Sweden, Saturday May 17, 2025. (Oscar Olsson/TT via AP) A Swedish journalist arrested in Turkey in March when he traveled there to cover nationwide protests was released and returned home to Sweden on Saturday. Swedish Prime Minister Ulf Kristersson wrote on X that 'hard work in relative silence has paid off' and that Joakim Medin's release was due to intensive lobbying by the Swedish foreign ministry and European colleagues. 'Welcome home Joakim!' Kristersson wrote on X. Last month, a Turkish court had convicted Medin of insulting President Recep Tayyip Erdogan. Medin was given an 11-month suspended prison term, but initial reports said he would remain in custody awaiting the outcome of a separate trial on terrorism-related charges. Medin, a journalist with the daily Dagens ETC, was detained March 27 as he arrived at Istanbul airport to cover last month's nationwide protests following the arrest of Istanbul's popular mayor, Ekrem Imamoglu. The journalist was jailed days later on charges of insulting Erdogan and membership of the outlawed Kurdistan Workers' Party, or PKK. Swedish media reported that Medin landed early Saturday at Stockholm airport, where he was welcomed by his wife and the Swedish Foreign Minister Maria Malmer Stenergard. 'All is well after all. I'm really tired in body and mind. But I feel good,' he said, according to Dagens ETC. 'The pressure on my chest disappeared as soon as we lifted off the ground and we started heading home.' Medin also said later on Saturday that 'I've been thinking from day one about what to say at this moment. Long live freedom: freedom of the press, freedom of speech and freedom of movement," Sveriges Television reported. Medin said that he spent his prison time in solitary confinement in a ward for political prisoners. He said that he had not been subjected to violence, but that the isolation took its toll. Kristersson said on X that 'it is well known that Sweden and Turkey have different views on quite a few and big things. But we have also developed a climate of cooperation that allows us to discuss quite difficult issues.' Local media reported that while Medin's separate trial on terrorism charges would still take place, he would not be required to attend it. © Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Toronto Sun
17-05-2025
- Politics
- Toronto Sun
Turkey frees a Swedish journalist who was convicted for insulting President Erdogan
Published May 17, 2025 • 2 minute read Swedish journalist Joakim Medin with his wife journalist Sofie Axelsson attends a press conference in Stockholm, Sweden, Saturday May 17, 2025. Photo by Oscar Olsson / AP STOCKHOLM (AP) — A Swedish journalist arrested in Turkey in March when he traveled there to cover nationwide protests was released and returned home to Sweden on Saturday. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Swedish Prime Minister Ulf Kristersson wrote on X that 'hard work in relative silence has paid off' and that Joakim Medin's release was due to intensive lobbying by the Swedish foreign ministry and European colleagues. 'Welcome home Joakim!' Kristersson wrote on X. Last month, a Turkish court had convicted Medin of insulting President Recep Tayyip Erdogan. Medin was given an 11-month suspended prison term, but initial reports said he would remain in custody awaiting the outcome of a separate trial on terrorism-related charges. Medin, a journalist with the daily Dagens ETC, was detained March 27 as he arrived at Istanbul airport to cover last month's nationwide protests following the arrest of Istanbul's popular mayor, Ekrem Imamoglu. The journalist was jailed days later on charges of insulting Erdogan and membership of the outlawed Kurdistan Workers' Party, or PKK. This advertisement has not loaded yet, but your article continues below. Swedish media reported that Medin landed early Saturday at Stockholm airport, where he was welcomed by his wife and the Swedish Foreign Minister Maria Malmer Stenergard. 'All is well after all. I'm really tired in body and mind. But I feel good,' he said, according to Dagens ETC. 'The pressure on my chest disappeared as soon as we lifted off the ground and we started heading home.' Medin also said later on Saturday that 'I've been thinking from day one about what to say at this moment. Long live freedom: freedom of the press, freedom of speech and freedom of movement,' Sveriges Television reported. Medin said that he spent his prison time in solitary confinement in a ward for political prisoners. He said that he had not been subjected to violence, but that the isolation took its toll. Kristersson said on X that 'it is well known that Sweden and Turkey have different views on quite a few and big things. But we have also developed a climate of cooperation that allows us to discuss quite difficult issues.' Local media reported that while Medin's separate trial on terrorism charges would still take place, he would not be required to attend it. Toronto Maple Leafs Sunshine Girls Columnists Golf World
