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The leader in photonics technology and specialist manufacturer of optical components, Gooch & Housego PLC, has completed the acquisition of ITL, a trusted design and manufacturing partner specializing in life-saving medical technology, in vitro diagnostics devices, and analytical instruments. The acquisition aligns with G&H’s strategic objectives to expand the scope of their life sciences division and to move further up the value chain by transitioning from component supplier to a critical partner.
Founded in 1977, we partner with customers to design, develop, engineer and manufacture innovative devices for the medical, healthcare, and life science industries. Combining more than 40 years’ experience with an established roster of long-standing international clients, ITL has a strong reputation for being one of the most progressive and trusted design and manufacturing partners in the industry. Our strong market position in the MedTech sector reflects our commitment to continuity, stability, and growth.
The organization is led by Managing Director Tom Cole and Business Development Director Greg Smith – both of whom will remain with the business.
Tom Cole, Managing Director, ITL, commented: “This acquisition will further broaden our service offering and strengthen our ability to provide our customers with innovative solutions to meet their challenging needs. We are excited to be working with the G&H team and look forward to collectively growing our company and continuing to deliver outstanding service to the MedTech industry.”
Greg Smith, Business Development Director, ITL, said: “I am pleased that ITL is becoming part of Gooch and Housego as the strategic fit works for both companies. ITL will benefit from the critical mass that G&H has, and G&H will benefit from our systems approach, which will enable it to move further up the “value chain” by developing larger modules and systems for its customers. In addition to looking after our growing number of current customers, I foresee a lot of new opportunities being generated by this synergy, and I look forward to working and growing with the G&H team.”