Swedish tech firm Syntronic is further expanding its footprint in the National Capital Region after acquiring Stittsville-based manufacturing company Lloyd Douglas Solutions.
Terms of the deal, which closed last week, were not disclosed. It marks the second local acquisition for Syntronic, which purchased DragonWave’s Ottawa operations earlier this year.
Founded in 2009, Lloyd Douglas Solutions offers turnkey manufacturing, prototyping and testing services. The firm has about 60 customers in Eastern Canada and the U.S., turning out early runs of items such as cellphones and hearing aids so manufacturers have a chance to detect bugs in their products before putting them into mass production.
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Among its customers was Syntronic, which specializes in designing, developing and servicing an array of products for customers in the automotive, medtech, industrial and telecommunications sectors.
Darrell Wellington, Syntronic’s Kanata-based senior vice-president, said the acquisition will add to the firm’s customer base and boost its manufacturing capabilities.
“We can really offer an optimized one-stop shop for developing new products,” Wellington said. “It allows us to take our reputation to a whole other level. (Lloyd Douglas) is a high-performing company, and it’s a significant investment (for) Syntronic globally.”
With the addition of Lloyd Douglas’s 65 staffers, Syntronic Canada now employs more than 500 people at its operations in Eastern Ontario.
Under the deal, the Stittsville firm is being rebranded as Syntronic Production Services Canada. It will continue to operate out of its existing manufacturing and warehousing facilities on Iber Road in Stittsville and Legget Drive in Kanata.
“It’s really business as usual,” said Lloyd Douglas founder and CEO Jim Burke, who assumes the role of senior vice-president at Syntonic Production Services Canada.
“It was a nice marriage that took both of our service offerings and combined them. We’re excited to take this next step.”
Syntronic has three Canadian campuses in Ottawa, Toronto and Montreal. Since opening its first office in Kanata more than eight years ago, the firm has grown to five locations in the National Capital Region.