Business Context and Reporting Period
This Form 8-K Current Report was filed by Wilson Greatbatch Technologies, Inc. on June 19, 2001. The report details a significant corporate transaction completed on the same date.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the announcement of an asset acquisition rather than periodic financial performance data.
Material Changes
- Asset Acquisition: On June 19, 2001, the company completed the acquisition of the Sierra Division of Maxwell Electronic Components Group, Inc. (a subsidiary of Maxwell Technologies, Inc.).
- Transaction Structure: The acquisition was executed pursuant to an Asset Purchase Agreement dated June 18, 2001, involving the Registrant, GB Acquisition Co., Inc., Maxwell Technologies, Inc., and the Seller.
- Strategic Focus: The acquired division is a leading developer and manufacturer of electromagnetic interference filters and capacitors specifically for implantable medical devices.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future financial performance, or a discussion of specific risks and contingencies related to the transaction. The primary disclosure is the execution of the agreement and the press release announcing the strategic expansion into the implantable medical device component market.
Investor Verification Checklist
- Verify the purchase price and payment terms detailed in the Asset Purchase Agreement (Exhibit 10.1).
- Review the press release (Exhibit 99.1) for specific details on the acquired division's current revenue and customer base.
- Assess the integration plan for the Sierra Division into Wilson Greatbatch's existing operations.
- Confirm any regulatory approvals required for the acquisition of medical device components.