Laserage Technology Corporation, a global contract manufacturing source for precision laser processing, has announced the acquisition of the entire interest in Venta Medical, 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 Medical, 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 Medical 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 Medical 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 Medical. “With Laserage’s precision laser processing, and the turn-key contract manufacturing services that Venta offers, we envision a successful future.”