# Linamar signs manufacturing agreement with Synaptive Medical

Linamar Corporation entered into an exclusive Strategic Manufacturing Agreement with Synaptive Medical Inc. to manufacture Synaptive's Modus V and Evry products, and made a $5 million equity investment in Synaptive. The announcement was made on December 10, 2019.

- Type: Contract
- Announced: 2019-12-10
- Where: Guelph, Ontario, Canada
- Value: $5.00M
- Status: announced
- Products: Modus V digital microscope, Evry MRI system
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Linamar](https://endata.com/companies/2609.md)
- [Synaptive Medical](https://endata.com/companies/33178.md) (customer)

## Sources

- [newswire.ca](https://www.newswire.ca/news-releases/linamar-announces-strategic-manufacturing-agreement-and-concurrent-investment-in-synaptive-medical-inc-to-diversify-into-rapidly-growing-medical-biotech-market-810607585.html), 2019-12-10: "The deal leverages Linamar's manufacturing expertise and infrastructure, design for manufacturing capabilities, and supply chain management expertise to allow for rapid commercialization of Synaptive's products."
- [design-engineering.com](https://www.design-engineering.com/linamar-to-diversify-into-medical-robotics-market-1004034181/), 2019-12-16: "This strategic partnership is a great first step for us into the opportunistic medical and biotech market, given the growing and aging population and the ongoing demand for new, innovative and cost effective solutions to our growing medical needs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.