Interson-Protac, which is based in Congénies, Gard, France, has been a major player in the field of audiology for more than 40 years. The company supplies hearing aid makers and manufacturers with ear tips for hearing aids and ear tips for noise protection that are custom made based on impressions of the user's ear canal.
Remy Garrel and François Rey, the current senior executives, will retain their positions and 25% of the share capital of the company, which has 47 employees. This profitable business is expected to contribute at least €4 million to Prodways Group's revenues in 2018.
Interson-Protac currently uses 3D printing for 20% of its production, and its integration into Prodways Group will give it access to the most high-performance technologies so it can increase this proportion. Like the prostheses developed by Prodways Group in the dental and podiatry sectors, audiology is being revolutionised by 3D printing. For all these medical applications, additive manufacturing is replacing long, costly manual customisation processes while offering better precision and higher-quality prostheses.
This acquisition strengthens the medical segment, which is a major growth area in the Products division. The integration into Prodways Group will give Interson-Protac an opportunity to further migrate toward 3D printing and accelerate its expansion, particularly on the buoyant market of customised hearing protection.
The transaction is expected to be finalised within a month.