Asahi Intecc, a maker of guide wires and catheters, agreed to buy all shares of Rev. 1 Engineering through its US subsidiary for ¥2.92 billion. Founded in 2009, Rev. 1 designs catheters and other heart and blood-vessel devices for start-ups and large device makers. About Rev. 1 Rev. 1 is based in Murrieta, California, and was started by former engineers from major device makers. It has designed first-of-their-kind devices for heart procedures, structural heart repair, nerve stimulation and drug-device combinations, and also offers testing, prototyping and help moving products into production. It had sales of about ¥613 million and an operating profit of about ¥215 million. About Asahi Intecc Asahi Intecc, based in Aichi, sells guide wires and catheters in about 110 countries and regions. It said it held about 80% of its market in Japan and 30% in the US. The same week it also agreed to buy Pathways Medical, a US developer of sensor guide wires, and 70% of its Italian distributor Kardia. Takenaka Partners advised its US arm on the Rev. 1 deal.
