LSA acquires Oeuvre Technology
LSA Laser Services and Automation has completed its acquisition of Oeuvre Technology, a closely held precision parts manufacturer located in Plymouth, Minnesota.
LSA Laser Services and Automation has completed its acquisition of Oeuvre Technology, a closely held precision parts manufacturer located in Plymouth, Minnesota.
Oeuvre Technology, established in 1994, specialises in laser cutting and micro welding of precision metal components for the medical and electronics industry.
Oeuvre's capabilities include welding of round wire as small as 0.002in diameter, and welding very thin-walled tubing down to 0.0015in wall and diameters to 0.010in.
These products are fabricated of materials such as stainless steel, platinum, iridium and titanium.
Examples of end uses for these components include stents, medical device delivery systems, surgical tools and other medical products.
LSA Laser Services and Automation, also closely held, is an FDA compliant laser component manufacturer specialising in micro welding and machining.
It uses four-axis CNC laser welding and cutting systems and CAD for component design.
Its components are used in guidewires, pacing leads, surgical instruments, electrical leads and assemblies.
Tom Noll, president of LSA, said, "We believe the combination of LSA and Oeuvre will provide a broader array of precision welding, drilling and cutting services along with greater capacity to meet the joint needs of our growing customer base".
The combined companies will have annual sales in the $2.5 million range, according to Noll.
Oeuvre will merge its equipment and employees into LSA's Plymouth facilities this spring and the newly combined company will employ 13 technical and office staff in 1100m2 facilities.
Mark Dustrude, president of Oeuvre, said, "We are excited about aligning ourselves with a technically strong company like LSA.
This merger will provide our customers with greater technical capabilities as well as expanded capacity".
Dustrude will continue in the new organisation as a consultant.
No other personnel changes are expected.
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