GSI Group adds Aven Tools
The deal adds proprietary precision tools and instruments for medical device, research laboratory, and industrial electronics markets to the L Squared-backed platform, marking its fifth acquisition.
Takeaways
- Aven Tools is a designer and manufacturer of proprietary precision tools, instruments, and accessories.
- GSI Group is acquiring Aven Tools with backing from L Squared Capital Partners.
- The business serves medical device, research laboratory, and industrial electronics.
L Squared Capital Partners-backed GSI Group Holdings has acquired Aven Tools, a designer and manufacturer of proprietary precision tools, instruments, and accessories.
The acquisition adds proprietary precision tools and instruments serving medical device, research laboratory, and industrial electronics customers to GSI Group’s global platform, and marks the platform’s fifth add-on since its formation.
L Squared Capital Partners formed GSI Group as a platform to build a global precision measurement and instrumentation business, and the acquisition adds Aven Tools’ product portfolio to its capabilities.
The deal was announced from GSI Group’s Newport Beach, California headquarters.
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