London electronics specialist acquired by £80m medical company
Creo Medical Group PLC, a medical device company focused on surgical endoscopy, announced the acquisition of Essex based radio and microwave electronics specialist Aber Electronics Limited.
Creo is an existing customer of Aber, using its products within the CROMA Advanced Energy Platform.
This acquisition will complement Creo’s research, design and manufacturing processes, provide additional specialist microwave and radio frequency capability within the business and enhance a key element of the group’s supply chain.
Creo anticipates leveraging the additional resource that it has acquired to further develop its Kamaptive Technology, the advanced energy which powers the CROMA Platform.
Craig Gulliford, chief executive officer of Creo, said: “Being an existing customer of Aber and having worked closely with the management team for a number of years, we are familiar with the quality of its products and the team there, and I’d like to welcome them all to the Creo Group.
“This acquisition fits with the ‘Buy’ aspect of our three-tiered ‘Build, Buy, Partner’ strategy, in acquiring a company with existing manufacturing operations, to complement and add capability in Creo’s product development and production.”
Andrew Haynes, managing director of Aber Electronics, added: “We are pleased to join Creo Medical, with which we have a longstanding business relationship. We look forward to providing our specialist Microwave and RF products, and development and manufacturing capability as part of the Creo Group.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.
Are you flying too close to business burnout?
Making education a lot better for a lot more
Have we made it harder for young people to succeed?
Celebrating Nissan's North East success story
Are you a meat proxy?
Engaging the five-generation workplace
Talent is an asset, not an operational resource
Taking advantage of the opportunities ahead
Accountability isn’t the enemy of empathy
Act now to avoid a last-minute tax scramble
How inner-city living can transform a city by the sea
Artificial intelligence's value is the time it gives back