More than half a century of innovations and know-how in the medtech industry
Elos Medtech was founded already in 1923 in Sweden. The company contained several companies within the wood-related industry for several decades. In 1980’s the company was named AB Westergyllen and in 1989 AB Westergyllen was listed on NASDAQ OMX Stockholm AB, Small Cap List.
Increased focus on medical technology
During the 1990s and 2000s, the business structure further focused on precision engineering by acquisitions of engineering companies. In 2003 a strategic decision was taken to increase the focus on Medical Technology. A strategic step to focus was taken in 2006 when the wood industry companies were spun off to the shareholders.
In 2008 our company changed its name from AB Westergyllen to Elos AB, to mark its new focus. At the same time, we decided to form two business areas – Medical Technology and Precision Technology changed to Metrology from December 2010 – where the Elos held significant market positions in certain parts of these market segments. And in 2014 when we divested the Metrology division, we position our company as a true focused development and manufacturing contract manufacturer and partner to global medical device companies. With this focus and commitment, we changed our name to Elos Medtech.
1992 Acquisition of Elos Medtech Timmersdala AB Sweden (founded in 1952)
2005 Acquisition of Pinol A/S, Gorlose Denmark (founded in 1969)
2010 Establishment of Elos Medtech Tianjin Co Ltd China
2011 Acquisition of Microplast AB, Skara Sweden (founded in 1971)
2014 100% focus on Medical Technology by the divestment of the Metrology division
2015 Acquisition of Onyx Medical Corporation, Memphis, TN, USA (founded in 1990)
Global development and manufacturing partner to the medical device market
Elos Medtech has extensive experience in product development, design of dental and orthopedic implants and other medical devices such as instruments in various types of material, primarily specialist materials such as titanium and polymer materials. We have been involved within development since the 1960s, starting with the hip pins and later several other products within spine & trauma. As early as 1975, Elos Medtech cooperated in a development project with Professor Per-Ingvar Brånemark and began manufacturing dental implant products for the replacement of teeth.
Elos Medtech Skara has gained more than 40 years’ experience in the design and manufacture of molding tools and in injection molding. Today, the company is a high-tech production company in the thermoplastics industry with specialization in the design and production of advanced molding tools and injection moldings which require a very high level of precision used in medical- and biotechnology.
Over the years, Elos Medtech has gained a high level of in-depth understanding and specialist expertise, which we now use to meet the varying requirements and demands of our clients. Quality, expertise, flexibility, and customization are important keywords in our operation, which ensure that our clients benefit from substantial added value.
Elos Medtech’s production is continuously improved, with a focus on quality, cost-effectiveness, and delivery reliability. The technology involved in manufacturing has been refined and new breakthroughs have resulted in our gradually investing in ever more advanced production equipment. As a result of continuous improvements we formed and named our offering towards the medical technology industry to Complete Performance™.
Elos Medtech is traditionally concerned with the development of other companies’ products but, to meet the trends in the medical technology business at large, we have recently introduced our own products. At the end of the 2000s, we launched a new torque wrench continued with innovative products within digital dentistry, Elos Medtech Accurate™.
Today, we have medical device customers worldwide. As a result of 50 years of experience and having over 500 employees at facilities in Europe, China, and the USA, we can guarantee expertise, quality, and capacity.