By Brittney Sherman — Business Profile, development, News, large business
Morgan Hill based company Paramit Manufacturing, a leading OEM developer and manufacturer of medical devices and life sciences instruments, was acquired by the TECAN Group earlier this year. The TECAN Group plans to not only retain the business in Morgan Hill but expand the existing footprint and workforce. Under their growth projections, Paramit will become one of the top 2 largest employers in Morgan Hill.
TECAN is a leading global provider of laboratory instruments and solutions in biopharmaceuticals, forensics and clinical diagnostics. The company specializes in the development, production and distribution of automation solutions for laboratories in the life sciences sector. Its clients include pharmaceutical and biotechnology companies, university research departments, forensic and diagnostic laboratories. As an original equipment manufacturer (OEM), Tecan is also a leader in developing and manufacturing OEM instruments and components that are then distributed by partner companies. Founded in Switzerland in 1980, the company has manufacturing, research and development sites in both Europe and North America and maintains a sales and service network in 52 countries.
Have questions? Contact City of Morgan Hill Economic Development Director Matt Mahood at Matt.Mahood@morganhill.ca.gov
business profile, business growth, business retention, large business