CROLLES, France & SUNNYVALE, Calif.--(BUSINESS WIRE)--Tronics Microsystems SA, a global leader in custom MEMS components and microsystems for demanding applications, announced that it has acquired all the assets of MedTech Development LLC, a full-service design and development company exclusively focused on medical devices. MedTech is based in Sunnyvale and has an office in Minneapolis. Terms and price of the acquisition were not disclosed.
This acquisition is a first step in Tronics’ plans to increase its presence in the U.S. and in the medical device sector. It will provide Tronics an improved access to North American makers of implantable and external medical devices and will allow closer customer support through MedTech Development’s locations. MedTech employs a team of 15 senior electrical, mechanical, software, device communication engineers and project managers, with extensive experience in medical device applications.
The combined know-how, technologies and experience of Tronics and MedTech Development will allow the two companies to offer development of more sophisticated specialized medical devices. They will serve a market in which medical applications require an increasing amount of integration of highly miniaturized transducers and electronics, a trend that is expected to keep growing.
“This acquisition accelerates our expansion in the U.S. and MedTech Development will enable us to introduce our technologies into medical customer products during the design-in phase, at a more strategic level,” said Peter Pfluger, CEO of Tronics Microsystems.
“The medical-device market is continuously developing more intelligent products through the integration of miniaturized sensors and actuators, many of which are MEMS-based. This acquisition is a logical combination of technologies, business models and expertise that will create significant value for our customers and growth opportunities for the now combined companies,” said Enrique Malaret, CEO of MedTech Development.
For the past two years, the companies have partnered in order to supply a large medical corporation with the design and development of an implantable sub-system that includes a custom MEMS-component. Previous examples of MedTech Development’s design projects include external and implantable neural-stimulation devices that treat chronic diseases and acute pain management, and telemedicine solutions for management of chronic diseases, among others.
MedTech Development will operate as a division within Tronics and keep its focus on the medical-device market. Tronics Crolles will remain focused in producing highly differentiated custom MEMS and microsystems for a diverse customer base in the medical, life sciences, instrumentation, transportation and other industries around the world.
About MedTech Development LLC
MedTech Development is a full-service design and development company exclusively dedicated to medical devices. Based in Sunnyvale, Calif., with an office in Minneapolis, its services encompass device development from concept through manufacturing to market release for major global device firms, mid-size medical companies and new ventures. With more than 200 Class II and Class III device projects, the company is a single source of advanced technical expertise and comprehensive development services. To learn more about MedTech Development, visit our website at www.medtechdev.com
About Tronics Microsystems SA
Tronics Microsystems is a custom developer and manufacturer of highly differentiated, high value-add MEMS components and microsystems. Collaborating with customers from concept to implementation, Tronics provides solutions and expertise in the productization and supply chain management of smart components. The company is the No. 1 provider of custom products based on SOI MEMS technologies. For three consecutive years, it has been ranked among the 200 fastest-growing companies by the Deloitte Technology Fast 500 EMEA survey. The company is based in Crolles, France, , and operates a 150mm-wafer MEMS manufacturing line and full product characterization, assembly, packaging and test facility. Visit www.tronics.eu for more information.
Contact:
Tronics Microsystems Contact Vincent Gaff Public Relations Manager +33 4 76 97 29 60 vincent.gaff@tronics.eu or Agency Contact Sarah-Lyle Dampoux Loomis Group +33 1 58 18 59 30 dampouxs@loomisgroup.com or MedTech Development Contact Tim O’Malley VP Marketing & Sales +1 612-859-9191 tomalley@medtechdev.com
Source: Tronics Microsystems
