DEUS Rescue Completes German Acquisition

BOULDER, CO – DEUS Rescue announced the completion of its acquisition of VR-Tec GmbH of Bietigheim-Bissingen, Germany. 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 also instrumental in the design of both the 3000 Series and 7000 Series devices and has manufactured the devices since they were introduced in 2008.

In addition to its manufacturing role, VR-Tec was handling product marketing and distribution of DEUS products throughout most of Western Europe.

“We’re extremely pleased with the completion of this acquisition,” said Shain Rae, chief executive officer at DEUS Rescue. “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.”

Rae added that the acquisition allows DEUS Rescue direct oversight of manufacturing for the company’s cornerstone products and ensures that the company will remain cost competitive going forward.

“Acquiring VR-Tec also gives us greater global reach under a single, unified brand,” said Rae, allowing the company to expand its distribution network to Europe, the Middle East, Russia and throughout Asia. “We’ve already completed some new distribution arrangements and we’re looking for more,” he said.

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