Terms of the transaction were not disclosed.

Operating in the San Francisco Bay Area for over 25 years, LTE provides fabricating tools for medical industry segments such as cardiology, ophthalmology, orthopedics, and molecular diagnostics.

It also offers products for applications ranging from disposables to implants and surgical instruments.

JunoPacific president Kern Bhugra said: "LTE has excellent capabilities and a strong reputation for delivering elegant, highly-reliable solutions for complex medical device requirements.

"We are also pleased that key LTE staff members have joined JunoPacific to ensure a seamless transition and LTE president and founder, Larry Jacks, will continue to provide tool engineering leadership."

With locations in the San Francisco Bay Area and Minneapolis, JunoPacific is a medical device design, development, and manufacturing firm offering full product life-cycle services from prototype to high-volume manufacturing.