DEUS Rescue, a provider of descent and rescue systems for the wind power industry and other sectors, says it has completed the acquisition of Germany-based VR-Tec GmbH.
VR-Tec has been a joint-venture partner of DEUS Rescue since 2008. Details of the transaction were not disclosed.
VR-Tec initially was a supplier of brakes for what became the DEUS 3000 Series of controlled descent devices. The company was instrumental in the design of both the 3000 Series and 7000 Series devices and has manufactured the devices since they were introduced in 2008. VR-Tec was also handling product marketing and distribution of DEUS products throughout most of western Europe.
‘This acquisition enables us to combine the engineering and manufacturing capabilities of VR-Tec with DEUS Rescue's product development talents and extensive market knowledge," Shain Rae, DEUS Rescue's CEO, explains, adding that the acquisition gives DEUS Rescue direct oversight of manufacturing for the company's products.
