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Greatbatch Medical history
Greatbatch Medical company history timeline
Was Wilson Greatbatch Ltd. established in 1970?
Has the company grown fairly steadily from 1970 until now?
4.7.7 Developing and producing better batteries, 1970
Public Company Incorporated: 1970 as Wilson Greatbatch Ltd.
In 1970, Greatbatch resumed his work on the pacemaker, this time focusing on the batteries the device used.
1975 – Greatbatch’s first metal-ceramic feedthrough implanted.
1978 – Lake Region develops its first finished coronary guidewire.
1979 – Greatbatch establishes Electrochem to meet a commerical need for lithium batteries.
In 1985, he stepped down as chairman, turning over the post to his eldest son, Warren Greatbatch, and founded a company to become involved in genetic engineering, Greatbatch Gen-Aid Ltd.
1987 – Implant of Greatbatch’s first lithium SVO ICD battery.
In 1990, the company's current chairman, president, and chief executive officer, Edward F. Voboril, joined Wilson Great-batch Ltd. as president and CEO. He was the former president and general manager of the biomedical division of PPG Industries.
1991 – Lake Region co-develops the first implantable port.
Thompson, Carolyn, "At 78, Pacemaker Inventor Looks Forward, Not Back," Associate Press Newswires , December 11, 1997.
Greatbatch experienced a difficult 1999, as sales grew by just 2 percent, resulting in a net loss of $2.28 million.
Greatbatch, Wilson, The Making of the Pacemaker: Celebrating a Life-saving Invention , Amherst, New York: Prometheus Press, 1999.
Robinson, David, "Greatbatch to Raise Money by Selling Stock to Public," Buffalo News , May 28, 2000, p B7.
2000 – Wilson Greatbatch Technologies (WGT) issues an IPO on the New York Stock Exchange.
Next, in June 2001, Greatbatch paid $49 million to add Maxwell Technologies' Sierra-KD Components division, maker of ceramic capacitors.
Because of its proven ability to provide reliable batteries, Greatbatch was well positioned to take advantage of this new generation of products. It launched an expansion of its Clarence facilities, including the addition of a $4.5 million, 12,300-square-foot dedicated research and development center, which opened in June 2002.
2002 – Greatbatch acquires Globe Tool and Manufacturing.
Employees: 1,225 Sales: $200.1 million (2004) Stock Exchanges: New York Ticker Symbol: GB NAIC: 423690 Other Electronic Parts and Equipment Merchant Wholesalers
2005 – Greatbatch opens two state-of-the-art manufacturing facilities in Alden, NY, and Tijuana, MX.
2014 – Accellent Inc. acquires Lake Region Medical.
2015 – Greatbatch, Inc. acquires Lake Region Medical to create one of the world’s largest medical device outsource manufacturers.
2016 – The combination of Greatbatch® Medical & Lake Region Medical® is renamed Integer®.
2018 – Integer sells its Advanced Surgical & Orthopodic unit to enable growth in its Cardio & Vascular, Cardiac Rhythm, Neuromodulation and Power Solutions product lines.
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Greatbatch Medical competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Integer | 1940 | $1.7B | 9,000 | 124 |
| Ashcroft | 1852 | $270.0M | 988 | 8 |
| Lake Region Healthcare | 1906 | $139.6M | 360 | 92 |
| Teleflex | 1943 | $3.0B | 14,000 | 162 |
| W. L. Gore & Associates | 1958 | $3.2B | 10,500 | - |
| Penumbra | 2004 | $1.2B | 2,200 | 80 |
| Smiths Medical - Wallace | 1985 | $409.4M | 1,125 | - |
| Freudenberg Medical | 1984 | $300.0M | 400 | 191 |
| Veridiam | 2005 | $75.0M | 350 | 18 |
| Terumo Medical | 1972 | $4.3B | 23,319 | 79 |
Greatbatch Medical history FAQs
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Greatbatch Medical may also be known as or be related to GREATBATCH, INC., Greatbatch Ltd, Greatbatch Ltd. and Greatbatch Medical.