LINK | July 27, 2022
ERI Group, formerly Evergreen Research, a leader in end-to-end medical product design and development, quality assurance, regulatory affairs and contract manufacturing services, and LINK Product Development (LINK) an industrial design, engineering, and product design firm, announce that they have merged to strengthen their full-service product design and development offerings.
The merger will create one of the most comprehensive medical, healthcare and wellness product development companies in the region, with an end-to-end suite of services from initial concept through moderate volume manufacturing that are unparalleled and genuinely provide a differentiated level of support for our clients.
"This is an extremely exciting opportunity for ERI Group and LINK, and we are thrilled to extend our current working relationship with LINK and to bring their team's excellence and experience into the ERI Group, The merger of our two organizations and our investment in talent and technology will help us to better meet the growing needs of our clients, allowing us to add early development and industrial design capabilities to our existing depth of capability in mechanical, electrical, software and system engineering, quality, regulatory and manufacturing services. We are confident our newly formed partnership will have a positive impact on our clients, our teams and the delivery of innovative medical devices and health and wellness products to the marketplace."
-Natasha Bond, president of ERI Group.
As part of the merger, LINK founder, Marc Hanchak, and his team will become part of ERI Group. Marc will serve as Vice President of Product Development at ERI Group and continue to oversee industrial design, engineering, project management, and product design.
The partnership between ERI Group and LINK will allow us to create a full-service company that is focused on innovation and is committed to delivering forward-thinking concepts to market, says Hanchak. LINK's mission to create products that improve people's lives matches the ERI philosophy of empowering visions for life-changing products. Our shared mission, parallel cultures, and commitment to our clients created the perfect opportunity to join our organizations into a stronger, integrated, and multidisciplinary firm focused on exciting advancements.
About ERI Group-
ERI Group provides development engineering, manufacturing, quality assurance and regulatory affairs services, spanning mechanical, electrical and software skill sets, for the next generation of health care, medical, laboratory and consumer wellness products and technologies. Focused on the advancement of health care at hospitals, acute care facilities, emergency rooms, first responder organizations, blood banks and in-home care since 1988, the company has empowered its customers to bring life-changing products to market. Clients of all sizes, from established corporations to early-stage companies, rely on ERI Group's expertise in all classes of medical devices and diagnostic instruments. Areas of specialty include fluidics and blood handling, embedded software and controls, advanced electrical and electronic engineering, mechanical engineering and design-for-manufacture, systems engineering and usability by design, integration of critical consensus standards for streamlined design approval and safety certifications, global regulatory approvals and more. ERI Group is situated west of Denver, Colorado, in Golden.
LINK is a Denver-based product development, industrial design, and engineering firm. LINK collaborates with entrepreneurs and businesses to bring new concepts to life through design, prototyping, testing, and manufacturing and to create products that improve people's lives.
White Cap | October 06, 2022
White Cap L.P. ("White Cap") has closed on an agreement to acquire Valley Supply Company, a Washington-based supplier of construction materials to contractors in the Puget Sound area. With six locations across Washington State, Valley Supply Company will join White Cap in its Northwest Region to serve local customers with exceptional customer service.
"We look forward to offering expanded service capabilities for our customers in the Puget Sound area and across our Northwest Region, Our nationwide product offerings combined with the number of locations, strong relationships, and local expertise from the Valley Supply Company team will allow us to further enhance our exceptional service for customers."
-John Stegeman, Chief Executive Officer of White Cap.
About White Cap:
White Cap L.P. and its affiliates serve as a one-stop shop providing concrete accessories and chemicals, tools and equipment, building materials and fasteners, erosion and waterproofing and safety products to professional contractors by meeting their distinct and customized supply needs in non-residential, residential and infrastructure end markets. White Cap is comprised of multiple brands in the U.S. and the Brafasco, Brock White and NCA brands in Canada. White Cap operates more than 450 branches across North America with more than 9,000 employees supporting approximately 200,000 customers.
About Valley Supply Company:
Valley Supply Company was founded in 1972 to become a premier supplier of construction materials to residential and commercial contractors in the Puget Sound area. With six locations in Woodinville, Puyallup, Ellensburg, Silverdale, Tumwater and Moses Lake, Valley Supply Company offers an expanded product line to serve customers in Western and Central Washington.
Cadmatic | October 03, 2022
The acquisition is a further step in fulfilling Cadmatic’s strong growth strategy, which sees the company more than tripling its size in coming years.
EPC contractors and plant owner-operators use CLA’s software to manage piping materials and piping supports, construction sites, multidisciplinary engineering data, online tenders, project planning and plant welding. CLA was established in 2001 and employs 22 staff at its office in Piacenza, 70 km south of Milan.
“CLA is a perfect strategic fit for us. They have impressive references, especially in the key area of multinational EPC companies and our offerings have no overlapping functionalities. By integrating CLA’s materials and construction management products with Cadmatic’s design, engineering, and information management solutions, we can offer integrated and advanced functionality and a one-stop-shop to benefit our customers from design to construction and beyond. In addition to the products and customer base, we also gain access to the extensive material and construction management knowledge they have developed over the years, When we see a clear customer need, we either develop the functionalities, products and services ourselves or look at acquiring it outside the company”
-Jukka Rantala CEO Cadmatic.
CLA COO and deputy CEO Tagliaretti also sees the acquisition as a win-win situation.
“When you combine Cadmatic and CLA, you get something greater than the sum of its parts. Cadmatic has traditionally been strong in plant, marine and building design, CLA have general engineering data management applications. Together we form a comprehensive package. CLA have developed a very strong market position in Italy-based multinational industrial companies, but Cadmatic’s large global network means that the integrated solution can be more successful internationally, we make the perfect team.”
-Gian MarioTagliaretti,COO and deputy CEOCLA.
Cadmatic’s growth strategy envisages a strong position in the European and Indian process and power industries, in the global marine business, and in the locally growing building industry. CLA is the fourth significant technology-based acquisition for Cadmatic in recent years. According to Rantala, organic growth and a high level of in-house R&D and competence, as well as mergers and acquisitions will assist the company in creating top value for its existing and new customers.
Last year, our Process and Industry segment grew by over 30%. We are growing organically, but strategic mergers and acquisitions, such as with CLA, are also a cornerstone of our strategy. We are continuously looking for companies that are good strategic fits for our offering and customers.
Rantala says that the acquisition is strategy-driven and the result of Cadmatic listening to its customers, being good partners, and providing customers with the software functionality they request.
Cadmatic is a leading developer of digital and intelligent 3D design and information management software solutions for the power, process, marine, and construction industries. It empowers engineers to build a brighter future and a better world by making the design, engineering, construction and operation of ships, industrial plants and buildings better, faster and easier. Cadmatic has over 6000 customer organizations in 60 countries.