Dennis Wulf, former president of Wetsco and CEO of MDMT, will serve as CEO of Innovatus and is a co-investor in the new company.
MVS has been a frequent customer of MDMT, purchasing its ultrasound probe replacement components.
Based near Denver, Colo., MDMT designs and manufactures specialty medical ultrasound products for the OEM, third-party repair, and research markets.
"The combination of MVS, Wetsco, and MDMT within Innovatus will ensure our ability to support customers and the imaging community.
The transactions involving MVS (U.S.), Wetsco and MDMT closed on Aug.
Late in 1995, MDmt released the LD7, the product of concerted development work.
A force for more than 50 yr in the Australian and international heavy minerals industries, MDmt has been involved in developing specific applications of spiral technology for the noncoal mining industry.
All of MDmt spirals are manufactured using lightweight corrosion-proof GRP construction laminated with a highly wear-resistant polyurethane lining.
MDmt developed the Reichert Cone Concentrator in the 1950s.