Hutchinson is pleased to announce that it has acquired Midé Technology Corporation on July 19th.
Midé is an advanced engineering company based in Woburn, Massachusetts, specializing in smart material technology and mechatronics, serving a wide range of markets including; Automotive, Aerospace, Marine, Defense, and Industry. This transaction will significantly expand Hutchinson’s materials science and system capabilities as well as enable a better positioning to address emerging trends while contributing to Hutchinson’s portfolio.
Hutchinson anticipates the merger will result in fruitful synergies and focused value creation for both existing and new customers.
As a Hutchinson company, Midé looks forward to continuing its engineering development programs and marketing their expertise and products to the US government and commercial customers. Midé is excited to identify and enhance technology opportunities as they drive towards the future of mobility all while executing current contracts and supporting customers well into the future.
About Hutchinson Industries Inc.
Hutchinson Industries, Inc. is the premier manufacturer of enhanced mobility components for vehicles within the defense, security and commercial industries. Our product offerings include runflats for all size vehicles and performance specifications, tire beadlocks, tactical aluminum wheels with integrated CTIS, tracked vehicle road wheels, steel track, segmented composite rubber track, Tire Saver Shield™ to prevent sidewall punctures, and Safetank light-weight self-sealing fuel tanks. Hutchinson specializes in matching the appropriate tire, wheel and mobility device to optimize the performance of each component and meet the mobility needs of the customer. Hutchinson Industries, Inc. is headquartered in Trenton, NJ, with a subsidiary in Buffalo, NY.
Midé Technology Corporation, founded in 1989 develops, produces and markets high-performance products for many industries including; aerospace, automotive and manufacturing. Their innovative people, systems approach, and customer focus provides them with the ability to conceptualize, design and deliver high performance, intelligent systems, and services tailored to the clients’ specific needs.