SyBridge Technologies, a global industrial technology company headquartered in Southfield, announced it has acquired Galway Tool & Mould Limited, a precision tooling company based in Galway, Ireland. Terms of the deal were not disclosed.
The acquisition expands SyBridge’s presence in the high precision life sciences end-market. This transaction represents SyBridge’s first investment in Europe and its thirteenth acquisition since inception in 2019.
“Galway is an excellent addition to SyBridge’s growing industrial technology platform. They have a long and proven track record of exceeding customer expectations in applications that require high levels of precision and quality,” says Byron J. Paul, CEO of SyBridge.
“This transaction also marks an important milestone for SyBridge by expanding our footprint into Europe. The addition of Galway to our Life Sciences business allows us to better serve our global customers through our operations in North America and now Europe.”
For more than 30 years, Galway has been a leader in designing and manufacturing high precision, high performance molds, primarily for the pharmaceutical and medical device industries. Its location places it at the epicenter of Ireland’s more than 300 medical technology manufacturers. Galway provides full end-to-end solutions, from design and engineering to aftermarket parts, spares, and repairs.
“We are very pleased to be part of SyBridge Technologies. The combination of Galway’s expertise in the field and SyBridge’s breadth of manufacturing and technology capabilities across North America enhances opportunities for our customers and employees alike,” says Padraig McFadden, founder and managing director of Galway.
New York based private equity firm Crestview Partners established SyBridge Technologies in 2019 and committed $200 million of equity capital to create a market leading value-added manufacturing solutions provider spanning end-markets, geographies, and advanced technological capabilities.
“Padraig McFadden, Galway founder and managing director, has done an outstanding job in building and maintaining a high-quality life sciences tooling company. Under Padraig’s continuing leadership, we are confident that the entire Galway team will enhance our range of global solutions,” says Bill McDonough, president of SyBridge’s consumer and life sciences business unit. “We are excited to welcome the new members of our team and look forward to working together to support our customers’ continued growth.”