News Archive

Micro Dynamics and Logic Announce Merger

Combined expertise for new offerings for OEMs
05/17/2005

Go to the Micro Dynamics detail page in the Member Directory for more company info Micro Dynamics Corporation and Logic Product Development Company today announce the completion of a merger offering product development and manufacturing services from initial product concept and design to volume production and fulfillment.

"Streamlining new product development and manufacturing activities is a top priority of original equipment manufacturers (OEMs) worldwide, and addressing that challenge requires a tightly coupled combination of product design insight, technology integration experience, and manufacturing expertise," said Mike Brown, CEO of Micro Dynamics. "The merger of Micro Dynamics and Logic integrates these capabilities to offer a new flexible electronic manufacturing services (EMS) / product development model that in the past has only been available to high volume customers." Logic Product Development will maintain its brand identity and will operate as a subsidiary of Micro Dynamics. The new company will operate three core business units - Product Development Services, Embedded Computing Products, and EMS Services - providing world-class, integrated product development and new product introduction solutions, including user research and product design, embedded computing modules, rapid prototyping and test development, and manufacturing fulfillment and logistics services. Customers will leverage these integrated offerings to simplify their product development and accelerate time to market.

"OEMs from well-capitalized startup ventures to Fortune 500 corporations are under tremendous pressure to deliver products to market faster," said Dan Cunagin, CEO of Logic. "Combining these offerings with Micro Dynamics' advanced electronic contract manufacturing services will provide integrated capabilities to help OEMs quickly turn market and technology insights into product realities and market success."

CHB Capital Partners and Wells Fargo Bank are financial partners in the transaction. Go to Micro Dynamics Corporation's detail page in the Member Directory for more company info.

SMTA Headquarters
6600 City West Parkway, Suite 300
Eden Prairie, MN 55344 USA

Phone 952.920.7682
Fax 952.926.1819