Venture-backed Averna buys Cal-Bay Systems
Averna Technologies Inc has bought Cal-Bay Systems Inc, a U.S.-based provider of test systems, test and measurement services, automated testing and vibration monitoring tools, for an undisclosed sum. Averna said the deal strengthens its presence in the medical device, vibration monitoring, and consumer electronics markets. Based in Montréal, Averna is a developer of test products and services for communications and electronics device-makers. It is backed by Canadian private equity and venture capital firm Fondaction CSN, the Caisse de dépôt et placement du Québec and other investors.
9 September 2014•3 mins read
