April 24, 2023 – Springville, UT
ATL Technology (ATL), a fast-growing provider of outsourced design, development, and manufacturing services to the medical device market, today announced it has acquired manufacturing operations of Gyrus Medical Limited (Gyrus/GML) from Olympus Winter & Ibe GmbH (Olympus Surgical Technologies Europe).
Gyrus, located in Cardiff, Wales, United Kingdom, is also a device outsourcer and will increase both ATL’s global footprint and capabilities. In discussing this transaction, Joe Glover, CEO of ATL said, “This is a very strategic event for ATL. We look forward to incorporating Gyrus’ capabilities into ATL’s existing offerings and to expand our global footprint deeper onto the European continent.”
“We are also enthusiastic about welcoming the Gyrus team to ATL. Their significant engineering capabilities will enhance ATL’s existing resources, allowing ATL to continue its impressive growth rates”, said Glover.
Gyrus Executive Managing Director Simon Edwards said, “Over the past 30 years, Gyrus, much like ATL, has worked with medical device original equipment manufacturer (OEM) customers to develop and manufacture innovative solutions to improve patient care. We are looking forward to this strategic combination to continue and enhance this work for our OEM customers.”
About ATL Technology
Founded in 1993, ATL is a fast-growing medical device company offering outsourced design, development, and manufacturing services. The company focuses on providing its customers with world-class engineering solutions to provide best-in-class medical device products. The company not only offers contract engineering capabilities but, global resources to manufacture those products in every region around the world.
About Olympus Surgical Technologies Europe
Olympus Surgical Technologies Europe is the European development and manufacturing center for medical technology within the Olympus Corporation. The company stands for excellence in diagnosis, therapy, reprocessing, and systems integration – offering the full range of the latest endoscopic applications from single products to procedure-oriented systems solutions.
Perkins Coie and Taylor Wessing served as legal advisors for ATL Technology. Piper Sandler served as financial advisor to Olympus.