Smith & Wesson Acquires Suppressor-Maker Gemtech
American Outdoor Brands Corporation (AOBC) announced that its firearms business, Smith & Wesson Corp., has agreed to acquire the assets of Gemini Technologies, Inc. (“Gemtech”), a leading provider of suppressors and accessories for the consumer, law enforcement, and military markets.
Smith & Wesson intends to complete the acquisition of Gemtech utilizing cash on hand and expects the transaction to close this summer. Ron Martinez, President of Gemtech, will continue in his leadership role as General Manager, heading up the company’s strong team located in Eagle, Idaho. For more information, visit Smith-Wesson.com and Gemtech.com.
James Debney, AOBC President/CEO, said, “Gemtech is widely recognized for producing some of the finest rifle and pistol suppressors in the market. Gemtech’s strong product development capabilities, combined with our experience in brand management and our manufacturing expertise, will help us to efficiently develop both firearms and suppressors, minimizing our time to market for both product categories. We view this acquisition as opportunistic, allowing us to enter the suppressor category[.] These elements combine to make Gemtech an excellent fit with our long-term strategy.”
About Gemini Technologies, Incorporated
Gemini Technologies, known as Gemtech, began as a group of leading designers with roots in the suppressor business going back to 1976. Gemtech’s suppressors are in use with all branches of the U.S. military and are also in use by many special operations forces, military, and police around the world. Based in Eagle, Idaho, Gemtech is an International Organization for Standardization (ISO) 9001:2008 certified company and maintains effective rigorous quality assurance systems and processes. Visit Gemtech online at https://gemtech.com.
