Medical Manufacturing Technologies, MMT, a portfolio company of Arcline Investment Management and a provider of medical device manufacturing solutions, has acquired Somex Automation, an Ireland-based provider of custom automation equipment and processes for the medical device manufacturing industry.
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Acquisition
The Somex product offering will go to market under our MMT Automation brand.
As part of the transaction, MMT welcomes 34 new employees who will continue to operate out of Somex’s Cork and Ballyvourney facilities in Ireland.
Robbie Atkinson, CEO of MMT, said: “The acquisition of Somex Automation is a milestone for our company. We are excited to bring a strong business with highly skilled employees into our family.
“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.”
Michael Wall, managing director and founder of Somex, added: “This transaction allows us to grow the bespoke automation and integration solutions offered to medical device manufacturers across the globe.
“We will be able to leverage the strengths of both companies and create an even more powerful offering for our customers.”
Wall will join MMT as technical director. Atkinson stated that MMT launched MMT Automation to streamline its subsidiaries’ automation offerings, further positioning Somex Automation solutions to customers across its portfolio.
Atkinson said: “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.”
