Ocutrx Acquires Spectrum Advanced Manufacturing Technologies
April 12, 2023
Ocutrx Technologies has acquired Spectrum Advanced Manufacturing Technologies, a Colorado Springs-based high-reliability electronics and assembly firm, to bring medical-device and hi-rel manufacturing capabilities in-house and repatriate supply chain operations to the U.S. Spectrum's founder Jeff Riggs will remain as a minority partner and CEO during integration, and Ocutrx plans to leverage Spectrum's process lines and ISO optics lab to scale AR/XR medical headsets and other devices in compliance with FDA and global standards.
- Buyers
- Ocutrx Technologies, Inc.
- Targets
- Spectrum Advanced Manufacturing Technologies, Inc.
- Industry
- Medical Devices
- Location
- Colorado, United States
- Transaction Type
- Buyout
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