BOULDER — Mountainside Medical, a Boulder-based medical-device company, has been acquired by Tecomet Inc., based in Wilmington, Mass. Terms of the transaction were not disclosed.
Mountainside develops precision machined components for the minimally invasive market, including laparoscopic instruments and jaws, orthopedic/neuro-navigation instrumentation, and electrosurgical instruments.
Peter Neidecker, co-founder of Mountainside, said in a prepared statement, “Since my wife Susan and I founded the company we have followed a philosophy of constant innovation. Mountainside’s experienced management team is supported by talented employees who deliver results through a combination of continuous improvement and growth initiatives. With Tecomet’s global footprint, manufacturing capabilities and expertise in design and engineering, Mountainside is very well positioned for future growth.”
Mountainside employs more than 100 people in Boulder.
Mark Kemp, CEO of Tecomet, said, “Achieving a leadership position in the minimally invasive surgical market is a key strategic priority of Tecomet, and the acquisition of Mountainside Medical greatly expands our capabilities and scale in this highly attractive end market. Mountainside’s dedication to innovation, design and development services, prototyping, and precision component manufacturing solutions combined with intimate customer service align perfectly with Tecomet’s strategy and culture. We are excited to partner with Mountainside’s management and employees to further establish collaborative partnerships with new and existing customers.”
Tecomet is a global manufacturer of high precision implants, surgical instruments, trauma plates and photochemical etched products for medical-device customers.