Resonetics today continued its two-year acquisition spree with the purchase of Tru Tech Systems for an undisclosed amount.
“We are excited to welcome the Tru Tech team to Resonetics as customers will benefit greatly from our combined capabilities,” president & CEO Tom Burns said in a press release. “Over the last 24 months, we have completed five acquisitions of exceptional companies that provide complementary technologies to the Resonetics core platform. Today, Resonetics’ 850 employees have the expertise and resources to provide customers with complex, tight-tolerance components and sub-assemblies, enabling the launch of innovative new technology to treat the most demanding medical applications.”
Tru Tech specializes in centerless grinding of stainless steel, nitinol, PEEK and other polymers. Through the acquisition, Resonetics will add precision grinding for guidewires and mandrels to its manufacturing services.
“The Tru Tech team is excited about the added scale and synergies gained by joining Resonetics,” added Tru Tech president & CEO Steve Smarsh. “With the Resonetics global sales organization and strategic relationships, we look forward to serving more customers on a broader scale while ensuring our existing customers continue to receive exceptional service. Importantly, Resonetics has cultivated long-standing relationships with key customers and employees; values that we share.”