Arcline Investment Management company Medical Manufacturing Technologies (MMT) has acquired Ireland-based Somex Automation, for an undisclosed sum.
Somex offers custom automation equipment as well as processes for customers in the medical device manufacturing industry.
The Somex product offering will be marketed under the MMT Automation brand.
Under the deal, MMT has announced the inclusion of 34 new employees who will continue to operate at Somex’s Cork and Ballyvourney facilities located in Ireland.
MMT CEO Robbie Atkinson said: “This transaction allows MMT to seamlessly integrate our end-to-end medical device manufacturing to further support our customers on their quest to increase production and expand their ‘lights out’ operation capabilities.
“The Somex team’s expertise and history of implementation is an asset to our customers.”
The company introduced MMT Automation to streamline the automation offerings of its subsidiaries further positioning Somex Automation solutions among customers across its diverse portfolio.
Atkinson further added: “As a global leader of medical device manufacturing equipment and processes, we streamlined shared technologies and processes to ensure our customers have access to the solutions they need when they need them.
“MMT Automation aligns our automation expertise across the portfolio where we can most effectively help our customers create autonomous manufacturing and continuous optimisation of production lines.”
MMT provides high-precision solutions to develop and produce complex medical devices for use in minimally invasive procedures.