In August 2021, Tecan completes the acquisition of Paramit Corporation, expanding its commercial reach, its capabilities and its presence in the US and Asia. Paramit, headquartered in Morgan Hill (CA), US, is a leading OEM developer and manufacturer of medical devices and life sciences instruments.

The largest acquisition in Tecan’s history adds complementary expertise, broadens design-, development- and manufacturing capabilities, further extends the company’s position in solutions for life sciences and in-vitro diagnostics, and takes Tecan into the attractive and fast-growing medical device market segment. While its areas of expertise are close to Tecan’s own core competencies, Paramit’s OEM offering and its well-diversified and differentiated portfolio of products and services are fully complementary. Paramit’s presence in Asia and in the US, the world’s largest life sciences and healthcare market, brings new strengths to the Group’s global footprint.

With Paramit, Tecan meets customer needs even more effectively, scaling innovation from research now all the way to the clinic.