NN announced that it has acquired DRT Medical from DRT Holdings. The financial details of the deal were not disclosed.
NN is an industrial company that has advanced engineering and production capabilities to design and manufacture high-precision components and assemblies for a number of markets across the globe. The company has 36 facilities across North America, Europe, South America and China.
“We are excited to welcome DRT Medical into the NN family as we continue to grow our life sciences portfolio through the addition of complementary and adjacent technologies,” Richard Holder, president and CEO, said in a press release. “This acquisition aligns perfectly with our strategic plan and long-term objective to further diversify our portfolio and expand into markets that we believe have strong growth potential. DRT Medical’s focus on medical instruments and orthopedic implants is an ideal expansion of our capabilities as we continue to concentrate on doing more for our customers and work to meet their needs by providing them with end to end solutions.”
[Want to stay more on top of MDO content? Subscribe to our weekly e-newsletter.]
