|Tuesday, 9 September 2014, 06:00 HKT/SGT|
|Deal Strengthens Averna's Test-Solution Expertise and Provides Strategic Positioning on the U.S. West Coast|
MONTREAL, QUEBEC, Sept 9, 2014 - (ACN Newswire) - Averna, an industry-leading developer of test solutions and services for communications and electronics device-makers worldwide, announced today that it has acquired U.S.-based Cal-Bay Systems, a privately owned provider of test systems, test and measurement solutions, automated testing and vibration monitoring tools. This move especially strengthens Averna's presence in the medical-device, vibration monitoring, and consumer electronics markets, as well as providing the company with strategic positioning on the U.S. West Coast.
Averna has acquired 100-percent share of Cal-Bay Systems for an undisclosed amount and will take on management of its U.S. and European offices. The current owners, Buck Smith and Patrick Kelly, will continue to participate in the day-to-day operations and expansion plans. Cal-Bay Systems, headquartered in San Rafael, California, brings to Averna 20 years of test expertise and customer relationships in comprehensive, automated test and measurement processes for mission-critical applications.
"We are thrilled with the acquisition of Cal-Bay, as it is very synergistic with our portfolio of test engineering services and expertise, and constitutes another building block of our growth plan," said Averna President and CEO Andre Gareau. "Cal-Bay's customer base and strategic location on the U.S. West Coast are a great addition to our current operations. This is also a fantastic growth opportunity for Cal-Bay's team and we welcome them into the Averna family."
Gareau continued, "These are exciting times for our company and shareholders. This acquisition brings a wealth of business opportunities for our company, and could not have been accomplished without the talented team that we have assembled."
Click to Tweet: From @Avernatech: Averna Acquires U.S.-based Cal-Bay Systems www.averna.com #testequipment
Averna is a premier manufacturing solution provider for communications and electronics device-makers worldwide, helping them deliver a better end-user customer experience. Key Averna clients in the communications, aerospace, defense, automotive, consumer electronics, and medical-device industries use Proligent, RF Test instruments, and other test solutions to accelerate product development, reduce manufacturing costs, achieve superior quality throughout the lifecycle, and solve critical supply-chain issues.
Averna has offices around the world as well as a network of partners such as Agilent and National Instruments. Incorporated in 1999, Averna is a Best in Test award winner and has been honored as one of the Deloitte Fast 500 fastest-growing technology companies in North America.
(c)Copyright 2014 Averna. All rights reserved. Information subject to change without notice. Averna and Proligent are trademarks of Averna Technologies. Other product and company names listed are trademarks of their respective companies.
T: +1 514-842-7577 x421
M: +1 514-814-8928
Topic: Merger & Acquisition
Sectors: Design Process, Electronics, Engineering
From the Asia Corporate News Network
Copyright © 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.