Private equity firm Montagu has entered into a definitive agreement to acquire orthopedic device manufacturer Tyber Medical.
Along with the acquisition, Tyber has merged with manufacturers Intech and Resolve Surgical Technologies, according to a Jan. 14 news release.
Tyber provides private label development and manufacturing services to medical technology original equipment manufacturers.
Subject to regulatory approvals, Tyber will be combined with Montagu's existing investments in Resolve.
As a new, combined entity, Montagu plans to offer market-cleared technologies and development and manufacturing scale to OEM customers to improve supply chains.
The platform aims to be a leading contract supplier of systems for spine, trauma, extremities, sports medicine and enabling technologies, according to the release.