Resonetics Acquires STI Laser Industries to Expand Capabilities in Medical Device Laser Micromanufacturing

Recently, VCBeat (WeChat Official Account: vcbeat) learned from foreign media reports that Resonetics, a leading company in laser manufacturing based in Nashua, New Hampshire, announced on October 23 local time that it had acquired STI Laser Industries, an Israeli medical device manufacturer.

Resonetics, founded in 1987, is dedicated to using lasers to solve complex manufacturing challenges. Since its inception, the company has invested heavily in developing cutting-edge technologies and cultivating laser expertise. By integrating state-of-the-art laser systems with a top-tier technical team and deploying over 100 laser workstations encompassing a wide range of laser types, Resonetics provides contract manufacturing solutions and systems for laser micromachining that meet both technical and economic requirements for customers in life sciences and other high-precision industries.

Image from the Resonetics official website

STI Laser Industries, founded in 1998, is an original equipment manufacturer (OEM) specializing in laser cutting and finishing of miniature metal components. The company primarily provides laser processing, Nitinol shaping setup, electropolishing, and cleanroom assembly services to the medical device industry, and has achieved ISO 13485 certification. Currently, STI’s business operations span the globe, with close collaborations established in countries including the United States, China, Japan, and South Korea.

Both parties hailed the acquisition as a historic milestone. “Israel is globally recognized as one of the major hubs for medical devices, and Tovy Sivan’s entrepreneurial spirit and the strong management team he has built are equally impressive. We are delighted to gain access to customers using STI technology, enabling us to better serve the structural heart, neurovascular, and minimally invasive surgery markets,” said Tom Burns, CEO of Resonetics, at a press conference.

Tovy Sivan, President and CEO of STI, stated, “I am proud of the position STI has established in the industry over the past 20 years. I am delighted to join Resonetics; through this partnership, we will provide enhanced services and resources to more leaders in the medical device industry.”

As for the financial details of this transaction, neither party has disclosed them to the media.