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Avalign Technologies Acquires NGInstruments Inc.

The move brings the Illinois-based company to 430 employees.

By: Editor

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Avalign Technologies Inc. is working toward becoming a single-source supplier.

The Lake Forest, Ill.-based company, a supplier of instruments, implants and delivery systems to orthopedic device OEMs, which is backed by private equity firm Roundtable Healthcare Partners, also of Lake Forest, has acquired NGInstruments Inc., a manufacturer of surgical cutting tools, for an undisclosed amount.

“NGInstruments is a strategic and complementary acquisition for Avalign. NGInstruments adds an important product line through their market-leading expertise in precision grinding that bolsters Avalign’s offering to our orthopedics customers in the reconstruction, trauma and spine markets,” said Joseph F. Damico, chairman of the board of Avalign Technologies.

Tony Nicholas, co-founder and president of Warsaw, Ind.-based NGInstruments, said the acquisition will help expand the company in a variety of ways. “Avalign and RoundTable are ideal partners for NGInstruments. The combination of the businesses will create a stronger organization with deep, broad-based customer relationships, providing best-in-class service. The partnership with Avalign and RoundTable will also help us grow by providing access to new customers and markets, and the resources to support our growth initiatives,” he said.

The purchase of NGInstruments brings Avalign’s work force to 430, including 78 employees from NGInstruments.

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