WAUKEGAN, IL. (January 29, 2014) – Laserage Technology Corporation, a global contract manufacturing source for precision laser processing, announced today the acquisition of the entire interest in Venta MedicalSM, an ISO 13485 Certified, turn-key medical contract manufacturer, with an FDA Registered Facility located in Silicon Valley California.
The Laserage executive team, together with the founders of Venta MedicalSM, view the acquisition as a strategic move strengthening its contract manufacturing capabilities, and an opportunity for further geographic penetration in the medical device market. Venta MedicalSM provides customers with dependable, single-source manufacturing solutions, offering early stage through volume productions, cleanroom assembly and single point of accountability.
Laserage had acquired a majority interest in Venta MedicalSM one year earlier and has since seen accelerated global growth through their partnership. Laserage’s ability to bring long-term capital support and enhanced operational resources has proven successful.
"We are pleased with the growth we have seen over the past year, and feel we are exceptionally positioned in the marketplace. The acquisition leverages the combined resources of Laserage and Venta, expanding our global presence and strengthening our continued emphasis to be a leading precision laser and contract manufacturing service provider." stated Steve Capp, Laserage President and Chief Executive Officer. "The opportunity for Laserage to enhance its existing service offerings and establish a California presence has been key in servicing the critical needs of emerging companies in the medical technology arena."
"This acquisition continues to strengthen Venta’s position and ability to provide more comprehensive services to our many existing customers, locally and around the globe." said Karl Im, Co-Founder and Chief Executive of Venta MedicalSM. "With Laserage’s precision laser processing, and the turn-key contract manufacturing services that Venta offers, we envision a successful future."
This announcement of acquisition is also being released in conjunction with the MDM West show in Anaheim, CA. For more information about Laserage Technology or Venta MedicalSM, please visit our websites at www.laserage.com or www.ventamedical.com, or stop by and see us at MDM West (Laserage, Booth #3254).
About Laserage Technology Corporation Inc.
Laserage Technology Corporation, a privately held corporation founded in 1979, is an ISO:13485-2003 registered, global precision laser contract manufacturer servicing the medical device, aerospace and industrial business to business arenas.
Laserage is a value added outsourcing partner in R&D, pilot production, and volume production stages of medical device development and manufacturing, delivering unsurpassed customer service and quality components to the medical device community.
Product capabilities include medical implants and components, medical instruments, electronic substrates, and aerospace flight critical assemblies and secondary operations. As well as, laser machine plastics, composite materials, Ceramics, and Cable Assemblies for which they received the Rockwell Collins President's award for high reliability, excellent quality and superb response.
About Venta MedicalSM Inc.
Venta MedicalSM is a turn-key, medical device contract manufacturer providing comprehensive manufacturing services to medical and life science companies. Venta MedicalSM provides full service manufacturing solutions (planning, procurement, production and distribution) to established OEMs and start-ups.