Carlisle acquires LHi Technology, a manufacturer of cable assemblies and interconnect components for the medical industry.
Carlisle Companies Incorporated announced the acquisition of LHi Technology, a designer, manufacturer, and provider of cable assemblies and related interconnect components to the medical equipment and device industry. LHi supplies world-class medical device original equipment manufacturers (OEMs) with interconnect components used for patient monitoring, electrosurgery, diagnostic imaging, and surgical instrumentation.
LHi has manufacturing and assembly facilities in Shenzhen, China, where it employs more than 2,000 people and sells its products globally. The company designs, manufactures, and sells customized, high-reliability wire and cable, cable assemblies, and components for the transmission of data to and from medical devices used for a variety of medical applications. The business will operate as part of Carlisle Interconnect Technologies (CIT), a global provider of specialty wire and cable and interconnect components for commercial and military aircraft, medical applications, and other communications systems.
LHi is well-respected by its customers and is a great strategic fit with CIT’s medical interconnect strategy. LHi expands CIT’s geographic reach and product offering, exposing the company to new medical markets and customers. LHi has a great reputation in the medical industry for quality and innovation and is valued as a key supplier to the world’s largest medical OEMs. CIT has vast expertise in manufacturing cable and fiber optics, specialty connectors, contacts and pins, and cable assemblies. The combination of CIT and LHi will create a global leader in medical cable assemblies and interconnect products, one of the few vertically integrated companies able to provide end-to-end medical interconnect solutions.
“We are very excited about the acquisition of LHi, as it adds scale to our medical business and forms the basis of a new growth platform for CIT,” said John Berlin, CIT’s president. “We have long wanted to expand our portfolio of products to include medical capabilities, and we view the acquisition of LHi as a great way to strengthen our medical product technology and manufacturing capability. We plan to invest aggressively in LHi’s people, processes, technology, new product development, and operational systems to help the business continue to grow and reach its full potential.
“Key to our investment in LHi is the implementation of the Carlisle Operating System to create a world-class manufacturing operation focused on service excellence for our customers. The acquisition of LHi will form a CIT medical division, which will have dedicated resources in sales, marketing, new product development, and R&D. LHi will also leverage CIT’s cable, connector, contact, and cable assembly capabilities to accelerate its growth curve. LHi is an excellent addition to CIT and creates an industry-leading player in medical interconnect products and solutions.”
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