ATL Technology announced that it acquired manufacturing operations of Gyrus Medical from Olympus Surgical Technologies Europe.
Cardiff, Wales-based Gyrus also offers device outsourcing. ATL said in a news release that it expects the acquisition to increase its global footprint and capabilities.
ATL offers outsourced design, development and manufacturing services. The company focuses on providing engineering solutions to offer best-in-class medical device products. Olympus Surgical Technologies Europe serves as the European development and manufacturing center for medical technology within the Olympus Corporation.
“This is a very strategic event for ATL,” said ATL Technology CEO Joe Glover. “We look forward to incorporating Gyrus’ capabilities into ATL’s existing offerings and to expand our global footprint deeper onto the European continent.”
Glover added that the company is enthusiastic about adding the Gyrus team to its own. He believes Gyrus’ “significant engineering capabilities” can enhance the existing resources at ATL and allow it to continue growth.
“Over the past 30 years, Gyrus, much like ATL, has worked with medical device original equipment manufacturer (OEM) customers to develop and manufacture innovative solutions to improve patient care,” said Simon Edwards, Gyrus Executive Managing Director. “We are looking forward to this strategic combination to continue and enhance this work for our OEM customers.”