Averna acquires Cal-Bay Systems
Montreal-based Averna, industry-leading developer of test solutions and services for communications and electronics device-makers worldwide, has acquired U.S.-based Cal-Bay Systems, a privately owned provider of test systems, test and measurement solutions, automated testing and vibration monitoring tools.
This move especially strengthens Averna’s presence in the medical-device, vibration monitoring, and consumer electronics markets, as well as providing the company with strategic positioning on the U.S. West Coast.
Averna has acquired 100% share of Cal-Bay Systems for an undisclosed amount and will take on management of its U.S. and European offices. The current owners, Buck Smith and Patrick Kelly, will continue to participate in the day-to-day operations and expansion plans. Cal-Bay Systems, headquartered in San Rafael, California, brings to Averna 20 years of test expertise and customer relationships in comprehensive, automated test and measurement processes for mission-critical applications.
“We are thrilled with the acquisition of Cal-Bay, as it is very synergistic with our portfolio of test engineering services and expertise and constitutes another building block of our growth plan,” says Averna president and CEO André Gareau. “Cal-Bay’s customer base and strategic location on the U.S. West Coast are a great addition to our current operations. This is also a fantastic growth opportunity for Cal-Bay’s team and we welcome them into the Averna family.”
“These are exciting times for our company and shareholders. This acquisition brings a wealth of business opportunities for our company, and could not have been accomplished without the talented team that we have assembled,” Gareau adds.