Machine Solutions Inc. Acquires Vela Technologies Inc.

Medical Manufacturing Technologies (MMT) Acquires Innova Design, Inc.

August 25, 2025

Medical Devices

Medical Manufacturing Technologies (MMT), a portfolio company of Arcline Investment Management, has acquired Innova Design, Inc., a pioneer in laser bonding equipment for catheter and interventional medical device manufacturing. The acquisition expands MMT’s bonding technology suite—adding Innova’s laser bonder platforms and related capabilities—to better serve medical device OEMs globally.

Machine Solutions Inc. Acquires Alpine Laser LLC

October 3, 2024

Medical Devices

Machine Solutions Inc., a provider of equipment and services to the medical device industry and a platform owned by BW Forsyth Partners, has acquired Alpine Laser LLC, a Minneapolis-based maker of laser processing workstations and development support. The acquisition adds laser processing capabilities to Machine Solutions' portfolio and is the company's ninth acquisition since joining the BW Forsyth Partners family.

Vela Software (Constellation Software) Acquires Monitor Management Control Systems Ltd

July 21, 2022

Software

Vela Software Group, an operating group of Constellation Software Inc., has acquired Monitor Management Control Systems Ltd and will integrate the business into its Ascertra product family. Monitor provides project cost and performance management software, training, and consulting for capital projects across oil & gas, infrastructure, power, mining and construction; the deal is intended to broaden Ascertra’s product set and extend Monitor’s global reach.

Machine Solutions Inc. Acquires BW-TEC AG

December 14, 2020

Medical Devices

Machine Solutions Inc. has acquired all outstanding stock of Switzerland-headquartered BW-TEC AG, a designer and manufacturer of catheter-forming, laser-welding, necking, testing and coating equipment for the medical device industry. The deal expands Machine Solutions' product offering and geographic service capabilities by adding BW-TEC's European engineering and manufacturing resources to Machine Solutions' global sales and service network.

Merck & Co., Inc. Acquires VelosBio Inc.

November 5, 2020

Biotechnology

Merck & Co., Inc. will acquire all outstanding shares of clinical-stage biopharmaceutical company VelosBio for $2.75 billion in cash. The acquisition adds VelosBio's lead investigational antibody-drug conjugate VLS-101 and ROR1-directed pipeline assets to Merck's oncology portfolio and is expected to close by the end of 2020, subject to customary conditions.

Machine Solutions Inc. (BW Forsyth Partners) Adds Crescent Design, Beahm Designs and BW‑TEC AG to Machine Solutions Platform

October 19, 2020

Medical Devices

Machine Solutions Inc., the medical‑device equipment platform owned by BW Forsyth Partners, completed three add‑on acquisitions in 2020: Crescent Design Inc., Beahm Designs Inc. and Switzerland‑based BW‑TEC AG. The deals expand Machine Solutions' catalog of catheter manufacturing and test equipment and broaden engineering and aftermarket service capabilities for medical device manufacturers.