STI Capital acquires Cardionetics
7 Feb 2011
STI Capital, a division of contract electronics manufacturer
Surface Technology International (STI), has acquired Cardionetics
Limited, a company that specialises in the manufacture of handheld ECG
devices for use by GPs.
Cardionetics Limited specialises in the development of advanced
algorithms for ECG analysis and this acquisition gives STI a
ready-made range of handheld ECG devices that are suitable for use
in a professional medical setting.
STI has achieved uninterrupted growth since its inception in 1989
by providing design, test, manufacturing and assembly services to
clients in a wide variety of sectors including aerospace, defence,
medical, industrial, energy and telecommunications.
As a result of this success, STI Capital was formed in early 2010
to undertake selective investment in closely aligned businesses as
part of the STI’s ongoing strategy for expansion. STI’s expertise in
the production of reliable and robust PCBs for medical equipment
(including ECG devices) made the opportunity to acquire Cardionetics
an ideal way to add to the company’s existing strengths within the
medical sector.
Tony Best, Director at STI Capital, said: “STI Capital is
delighted to help STI expand their offer in the medical sector
through the acquisition of Cardionetics. There has always been a
strong synergy between the two businesses, as STI PCBs are a key
component of the C.Net5000 and C.Net2000+ ECG devices. With the
combined expertise of the two organisations I hope that we will be
able to provide even more advanced ECG instruments that will improve
patient care and ultimately help to save lives.”