On December 31, 2013, Laserage acquired full interest of Venta MedicalSM. This acquisition brought two dynamic teams together in the medical contract manufacturing sector, thereby resulting in an effect greater than the sum of its parts. Laserage viewed this acquisition as a strategic move, as it thereby strengthened its contract manufacturing capabilities and allowed the company to enhance its geographic penetration in the medical device market.
Venta Medical, founded in 2010, is a medical device contract manufacturing, providing comprehensive manufacturing services to medical and life science companies. Venta provides customers with dependable, single-source manufacturing solutions, offering early stage through volume productions, cleanroom assembly and single point of accountability. They are experts in material planning and procurement, supply chain management, inventory management, process validation, device assembly, packaging and sterilization management and stocking and distribution, among many other things. Located in Milpitas, CA, Venta Medical is managed by experienced, highly qualified medical device manufacturing and quality assurance personnel, who operate from a state-of-the-art facility that is ISO-13485:2003 certified, California FDB-licensed and FDA-registered.
“We are pleased with the growth we have seen over the past year and feel we are exceptionally positioned in the marketplace,” said Steve Capp, Laserage President and Chief Executive Officer. “The acquisition leverages the combined resources of Laserage and Venta, expanding our global reach and strengthening our continued emphasis to be a leading precision laser and contract manufacturing service provider. The opportunity for Laserage to expand 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, Venta Medical Co-Founder and Chief Executive Officer. “With Laserage’s precision laser processing and the turnkey contract manufacturing services that Venta offers, we envision a successful future.”
Laserage Technology Corporation welcomes the team of Venta Medical and looks forward to working with them closely in the promising years ahead.