07.02.15
In’Tech Medical SAS, a developer and contract manufacturer of orthopedic surgical instruments, has acquired Turner Medical Inc.
According to officials with In’Tech, the acquisition of Turner Medical improves In’Tech’s manufacturing expertise, expands its U.S. business and global capacity, and adds the manufacturing of orthopedic implants to its core business.
Financial details of the deal were not disclosed.
Founded in France in 2000, In’Tech Medical is a privately held company that manufactures orthopedic surgical instruments and implants. Prior to the acquisition, the company employed 300, and had offices and production facilities in Europe and the United States. The company’s U.S. site is in Memphis, Tenn.
"In’Tech Medical’s demonstrated leadership in contract manufacturing and proprietary orthopedic instrument design is greatly enhanced with the addition of Turner Medical, as we continue to constantly strive to better serve our customers,” said Laurent Pruvost, president of In’Tech Medical. "If increasing our market share and product line are great news, what I most value is the unique talent that Turner Medical has developed over the past 35 years. The management’s know-how, combined with that of In’Tech Medical’s, turns the group into a creative engineering and problem solving powerhouse; a serious asset for our clients and a tangible competitive advantage.”
"At Turner Medical, we are all about customer satisfaction and family values," said Bill Turner, president. “The company was founded by my father John Turner in 1985. We took it from a local machine shop to a nationally recognized organization with the highest quality standards, latest technologies, and most efficient processes, always designed to meet and exceed our client’s needs, as well as save them time and money. Merging with In’Tech Medical allows Turner Medical to further develop and provide the services that are most beneficial to our clients, both in the US and internationally."
In’Tech Medical’s 2015 consolidated sales forecast is now $65 million, equally balanced between Europe and the United States, produced by close to 500 employees globally. As a wholly owned subsidiary of In’Tech Medical, Turner Medical will continue to operate out of its headquarters in Athens, Ala., under its current name, becoming the U.S. platform for the newly formed group.
According to officials with In’Tech, the acquisition of Turner Medical improves In’Tech’s manufacturing expertise, expands its U.S. business and global capacity, and adds the manufacturing of orthopedic implants to its core business.
Financial details of the deal were not disclosed.
Founded in France in 2000, In’Tech Medical is a privately held company that manufactures orthopedic surgical instruments and implants. Prior to the acquisition, the company employed 300, and had offices and production facilities in Europe and the United States. The company’s U.S. site is in Memphis, Tenn.
"In’Tech Medical’s demonstrated leadership in contract manufacturing and proprietary orthopedic instrument design is greatly enhanced with the addition of Turner Medical, as we continue to constantly strive to better serve our customers,” said Laurent Pruvost, president of In’Tech Medical. "If increasing our market share and product line are great news, what I most value is the unique talent that Turner Medical has developed over the past 35 years. The management’s know-how, combined with that of In’Tech Medical’s, turns the group into a creative engineering and problem solving powerhouse; a serious asset for our clients and a tangible competitive advantage.”
"At Turner Medical, we are all about customer satisfaction and family values," said Bill Turner, president. “The company was founded by my father John Turner in 1985. We took it from a local machine shop to a nationally recognized organization with the highest quality standards, latest technologies, and most efficient processes, always designed to meet and exceed our client’s needs, as well as save them time and money. Merging with In’Tech Medical allows Turner Medical to further develop and provide the services that are most beneficial to our clients, both in the US and internationally."
In’Tech Medical’s 2015 consolidated sales forecast is now $65 million, equally balanced between Europe and the United States, produced by close to 500 employees globally. As a wholly owned subsidiary of In’Tech Medical, Turner Medical will continue to operate out of its headquarters in Athens, Ala., under its current name, becoming the U.S. platform for the newly formed group.