Overath / Mülheim an der Ruhr, 6. November 2020
Thyssen’sche Handelsgesellschaft mbH (THG), a renowned German Family Office located in Mülheim an der Ruhr, is acquiring a majority stake in SPIGGLE & THEIS Medizintechnik GmbH (“SPIGGLE & THEIS“) with immediate effect. SPIGGLE & THEIS was founded by David Spiggle and Detlef Theis in 1994 in Dieburg. In 2003 the company moved to Overath where it is still located today. The business of SPIGGLE & THEIS is related to the development, production and distribution of medical products for the ENT segment. SPIGGLE & THEIS has an unmatched portfolio almost entirely dedicated to ENT with a specific focus on the surgical segment. With more than 3.500 products shipped to over 75 countries worldwide, SPIGGLE & THEIS has a strong international footprint and has developed into a major player in global ENT over the past years.
The product portfolio comprises a wide range of instruments and consumables dedicated to ENT surgery. Furthermore, SPIGGLE & THEIS provides specific surgical equipment dedicated to the treatment of the Eustachian Tube as well as a broad range of implants, sterile covers and other products. In 2020 SPIGGLE & THEIS has launched a variety of new products including VoiceInject®, a minimally invasive procedure to use autologous fat as a filler for glottal insufficiency.
THG is a long-term investor with participations in Germany and abroad. While THG will provide various support and strategic advice, the operating business will continue to be executed and directed from the local management of SPIGGLE & THEIS.
With the completion of the transaction and in accordance with his retirement age, Detlef Theis has stepped down as Managing Director of SPIGGLE & THEIS. THG and SPIGGLE & THEIS very much welcome the offer of Mr. Theis to support a smooth transition and the further development of SPIGGLE & THEIS in a consulting role.
David Spiggle, Founder and Managing Director at SPIGGLE & THEIS says: “As a part of the renowned THG Group, SPIGGLE & THEIS is well positioned for the future, in order to develop our product portfolio and progress further in serving international markets. With a long-term portfolio approach, THG is the perfect fit for SPIGGLE & THEIS, its customers and suppliers as well as its employees.” Detlef Theis, Founder and former Managing Director at SPIGGLE & THEIS adds: “We are especially happy that THG has recognized the good position, SPIGGLE & THEIS already has in the market and is committed to support the further growth of the company.”
Benedikt Boucke, Managing Director at THG states: “We are glad to welcome SPIGGLE & THEIS within our group. The company has developed very well over the past years and we are very much looking forward to the collaboration and the accelerated growth in the future”. Juergen Heite, Managing Director at THG adds: “We have been approaching the med-tech segment for many years. SPIGGLE & THEIS fits excellently into our portfolio and we are committed to support the company in the future”.