MGS Mfg Group Acquires Danish Product Design Firm Technolution
The partnership is said to create a unique position in the global healthcare value chain, combining MGS’ specialization in precision plastics and tooling with Technolution’s R&D and project management.
Team members celebrate the acquisition of Denmark-based Technolution by MGS Mfg. Group. Photo Credit: MGS Mfg Group
MGS Mfg. Group Inc. (MGS), a global provider of integrated manufacturing solutions for complex, high-precision plastic components for healthcare and pharma applications, announced on June 6th that it has acquired Denmark-based Technolution A/S (Technolution), a fast-growing consultancy and development company within pharma and medtech. This partnership provides a seamless, vertically integrated solution from initial design ideation to final product delivery.
The acquisition brings together Technolution’s proven expertise in R&D, regulatory compliance, quality and project management with MGS’ expertise in tooling, molding and automation for high-quality drug delivery devices, diagnostics and more. By combining forces, Technolution and MGS are said to mitigate project risks for their clients, and create an approach that streamlines the supply chain and accelerates time-to-market.
“Extending our offerings into the early stages of product development takes us to the next level of medical contract manufacturing,” MGS CEO Paul Manley says. “And like Technolution, we achieve our goals with the most important factor, our employees, and nurture a culture of pioneering spirit, enthusiasm and a will to succeed.”
According to Technolution founder and primary shareholder Allan Spork, “MGS has already acquired Formteknik, a provider of valuable services from the DFM/ESI to the validated upscale turnkey solution, with whom we have been working closely for more than a decade. Bringing us all together makes our offering uniquely comprehensive.”
For Technolution CEO Thomas Bach Agerslev, the partnership opens new prospects for the company and its stakeholders, including “a more integrated process, smoother collaboration through all phases and as a result, faster time to market.”
- Learn more about MGS Mfg’s acquisition of Formteknik in 2021.
- The group’s president and CEO was acknowledged as a Wisconsin Titan 100 Recipient.
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