Katena Products, a medical instruments company and a portfolio company of Audax Group, has acquired Sensor Medical Technology. Audax acquired Katena from Cortec Group in June 2015.
Sensor Medical Technology develops and manufactures single-use and reusable surgical procedure lenses that are used by ophthalmologists and optometrists. The company was founded in 2006 by Greg Heacock, CEO, and is headquartered southeast of Seattle in Maple Valley, WA (www.sensormedtech.com).
“We are excited to see Katena and Sensor Medical Technology come together, enabling Sensor Medical Technology to accelerate growth through Katena’s worldwide sales and marketing channels,” said Mr. Heacock.
Katena is a provider of ophthalmic instruments, devices, and therapeutic products to hospitals, surgical centers, and ophthalmic and optometric offices. The company sells its products in more than 110 countries through a US-based sales force and an international distributor network. Katena is led by Bill Friedberg, CEO, and is headquartered near Newark in Denville, NJ (www.katena.com).
“The acquisition of Sensor Medical Technology is an important addition to Katena’s product portfolio. Sensor Medical Technology’s disposable and reusable lenses represent an improvement to current clinical practice as it relates to consistently better optics, while eliminating the chance of disease transmission,” said Mr. Friedberg.
The Audax Group makes control investments of $10 million to $100 million in middle market companies with transaction values of $25 million to $500 million. Sectors of interest include industrial manufacturing; energy; outsourced industrial services; consumer products; healthcare devices and services; non-asset based logistics; technology; aerospace & defense; business services; and direct marketing. The firm was founded in 1999 and has offices in Boston, New York and Menlo Park (www.audaxgroup.com).
© 2016 PEPD • Private Equity’s Leading News Magazine • 1-27-16
