What Paramit Corporation does

Paramit Corporation operates as a Contract Development and Manufacturing Organization (CDMO) focused on mechatronic-intensive medical devices and life science instruments for original equipment manufacturer (OEM) customers across MedTech, in-vitro diagnostics, genomics, and laboratory instrumentation verticals. Named enterprise customers include Roche, ThermoFisher Scientific, Abbott, Illumina, Becton Dickinson, Boston Scientific, Bio-Rad, Novartis, PerkinElmer, Beckman Coulter, Fluidigm, Bionano Genomics, Nanostring, Quanterix, Cepheid, and Affymetrix. Founded in 1990 and headquartered in Morgan Hill, California, Paramit operates two ISO 13485:2016-certified manufacturing facilities of approximately 150,000 square feet each in Morgan Hill and Penang, Malaysia, supported by a workforce of 501-1,000 employees. Since August 2021 the company has been a wholly owned subsidiary of Tecan Group (SIX Swiss Exchange: TECN) and increasingly sells its services as Tecan CDMO Solutions. Its operations are vertically integrated across printed circuit board assembly, conformal coating (including Parylene C and F), mechanical and optical assembly in a 4,000 square foot cleanroom, and comprehensive test capabilities (in-circuit test, automated X-ray, 3D automated optical inspection, functional testing), with regulatory compliance maintained to FDA 21 CFR Part 820, ISO 9001:2015, ISO/IEC 27001:2022, UL, TUV, CSA, ETL, NEMKO, and CE-mark standards.

The core manufacturing technology is the patented vPoke computer-directed mechanical assembly process, which sequences human assembly steps with picture and voice verifications to enforce error-proofing and automatically generate device history records providing full traceability. Paramit reports less than 10 defects per million opportunities in PCBA and less than 1 DPMO in mechanical assembly under this process. The company's "transferless design-to-manufacturing" methodology claims to compress product development lifecycles by 3-6 months by combining new product introduction engineering, design transfer, and full-rate production within a single ISO 13485-governed environment. Multi-disciplinary engineering coverage (mechanical, optical, electrical, and embedded software using Python, C/C++, Azure, and AWS) supports both greenfield design support and legacy product lifecycle work for OEM customers. Demonstrated non-medical production includes industrial and laboratory instrumentation (e.g., Mettler Toledo Rainin EDP3 electronic pipette), indicating a platform extensible beyond regulated medical device production.

The business model is contract-based B2B manufacturing: revenue is generated through multi-year OEM relationships covering new product introduction and engineering services, full-rate production, post-market lifecycle support, and test solutions, with pricing structured quote-by-quote around product complexity, regulatory classification, volume, and tooling requirements. Customer contracts are enterprise-only and pricing is not publicly disclosed. Following integration into Tecan Group, Paramit has been re-marketed as Tecan CDMO Solutions, with the 2025 Rewired transformation program at Tecan explicitly discontinuing design functions acquired in 2021 while leveraging Paramit's manufacturing capabilities as the operational core of the Partnering Business. No stand-alone revenue figures are disclosed for the entity.

Name

Paramit Corporation

Legal name

Tecan CDMO Solutions MH, Corp.

Website

https://paramit.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

251–500 employees

Short description

Paramit designs and manufactures mechatronic medical devices and life-science instruments as a CDMO for OEM customers in MedTech, IVD, and life sciences, operating ISO 13485 facilities in Morgan Hill, California and Penang, Malaysia, as a wholly owned subsidiary of Tecan Group.

Ownership category

akta.pro rank

Headquarters

HQ city

Morgan Hill

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Contract Manufacturing Services: Manufacturing of electronics-based medical devices and life science instruments. Revenue generated from PCB assembly, mechanical assembly, optics assembly, test solutions, and post-manufacturing services. Typically long-term OEM contracts with volume-based pricing.
2. New Product Introduction (NPI) and Design Services: Product development services including ideation, design, prototype development, late-stage reviews, and manufacturing transfer. Covers engineering capabilities across mechanical, optics, electrical, software, and consumables.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Paramit Corporation is a Contract Development and Manufacturing Organization (CDMO) that designs, engineers, and manufactures mechatronic-intensive medical devices and life science instruments on behalf of OEM customers. Services span product development, engineering, industrial design, PCB assembly, optical assembly, mechanical assembly using the patented vPoke process, comprehensive testing, supply chain management, and post-manufacturing support across ISO 13485 certified facilities in California and Malaysia.

Product overview

Paramit Corporation is a Contract Development and Manufacturing Organization (CDMO) specializing in medical devices and life science instruments. The company operates as a wholly owned subsidiary of Swiss-based Tecan Group, providing vertically integrated services from concept through manufacturing. The core manufacturing technologies include vPoke (patented computer-directed mechanical assembly) and PCB Assembly (PCBA) services, complemented by optics capabilities, comprehensive test solutions, supply chain management, and post-manufacturing services. Design services encompass product development, multi-disciplinary engineering (mechanical, optics, electrical, software, consumables), industrial design, and transferless design-to-manufacturing methodology. The company's portfolio includes manufactured instruments for life sciences (such as Carterra Platform, Quanterix SR-X, Bionano Saphyr, NanoString SPRINT, Fluidigm BioMark HD, Lonza FlashGel System) and medical devices (including Rubicor Bravo, Eclipse Surgical TMR Tools, Suni CCD X-ray Imager, Affymetrix Fluidics Station 400), serving OEM customers in MedTech, IVD, and industrial markets.

Differentiator

Problem solved

Functional benefit

Brands

• vPoke: A patented, computer-directed mechanical assembly process providing zero-defect manufacturing environment for medical devices and life science instruments.
• Paramit Corporation

Products and services

• vPoke Mechanical Assembly Patented computer-directed mechanical assembly service that error-proofs human assembly through picture and voice verifications, automatically generates electronic device history records, and delivers zero-defect manufacturing with full traceability for medical device and life science OEM customers.
• PCB Assembly (PCBA) Printed circuit board assembly service featuring a zero-defect culture with less than 10 defects per million opportunities, including SMT, PTH, manual soldering, BGA rework, conformal coating, and comprehensive testing for medical device and life science OEM customers.
• Optics Capabilities Optical system manufacturing service including assembly, testing and alignment of lenses, mirrors, sensors, optical switches, cameras, illuminators and dichroic filters in a 4,000 sq ft controlled optical cleanroom maintaining no more than 1,000 particles larger than 0.5 microns per cubic foot.
• Test Solutions Comprehensive testing service including in-circuit testing on Keysight 3070 platforms, automated X-ray inspection (5DX) on Vitrox V810i, 3D automated optical inspection on Koh Young Zenith, and functional testing for PCBAs and completed medical devices.
• Supply Chain Management Strategic supply chain service for OEM customers covering component demand analysis, authorized parts sourcing, preferred mechanical supplier program, and conflict minerals compliance for medical device and life science instrument programs.
• Post Manufacturing Services Full lifecycle post-manufacturing service including order fulfillment, finished goods inventory management, field service returns processing, product upgrades, and end-of-life support for OEM customers.
• Conformal Coating In-house conformal coating service including acrylic, silicone, parylene C, and parylene F chemistries with plasma pre-treatment for improved adhesion and quality of medical device electronics.
• Product Development Full product realization service from concept through manufacturing transfer, including Phase 0 planning, Phase 1 feasibility, Phase 2 design, and Phase 3-4 prototyping with manufacturing process verification for OEM customers.
• Engineering Capabilities Multi-disciplinary engineering service spanning mechanical (SolidWorks, FEA, motion control, fluidics, thermal), optics (Zemax modeling, fluorescence systems), electrical (PCB layout, embedded systems, robotic control), software (Python, C/C++, Azure/AWS), and consumables (microfluidics, injection molding) for OEM customers.
• Industrial Design Industrial design service covering conceptualization, human factors engineering, usability testing, workflow design, interface design, user experience design, mock-ups, renderings, and design-for-manufacturability for OEM customers.
• Transferless Design to Manufacturing Concurrent development methodology that pulls NPI tasks forward into early phase development, reducing product development lifecycles by 3-6 months compared with traditional sequential design-to-manufacturing transfers.

Named customers20 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Tecan GroupcoreOthers · 2 August 2021Paramit Corporation was acquired by Tecan Group (SIX Swiss Exchange: TECN) for USD 1.0 billion (CHF 920 million) and now operates as a wholly owned subsidiary. The acquisition enhances Paramit's capabilities in life sciences and IVD, accelerates Tecan's entry into medical devices, and expands the combined platform's total addressable market. Paramit leverages Tecan's vertically integrated capabilities including PCB assembly, test development, and optics assembly.
• Life Science AngelsminorOthers · 6 July 2020Paramit sponsors Life Science Angels, a not-for-profit with 130-150 accredited investor members, 12-18 Fellows, and 12-15 Sponsor organizations. Founded in 2005, the organization has invested over $60 million in over 100 startups in the life science industry, focusing on entrepreneurs with disruptive advances in healthcare discovery and delivery.

Scale indicators3 records

Recent moves4 records

Expansion highlights5 records

Broad incumbents

• Nipro Corporation: Nipro is a diversified Japanese medical device manufacturer with significant contract manufacturing and OEM services across diagnostics, renal and hospital products, broadly competing with Paramit for OEM mechatronic work.
• Stevanato Group: Stevanato provides drug containment, drug delivery devices and engineering services to pharma and diagnostic OEMs, overlapping with Paramit in mechatronic instrument and consumable manufacturing.
• Gerresheimer: Gerresheimer manufactures primary packaging, drug delivery devices and diagnostic consumables for pharma and diagnostics customers, with capabilities that intersect Paramit's IVD/life sciences OEM manufacturing.
• West Pharmaceutical Services: West manufactures drug delivery and containment components with growing medical device CDMO services for combination products and diagnostics, overlapping with Paramit in regulated device manufacturing.

Direct peers

• Jabil Healthcare: Jabil's Healthcare segment is one of the largest contract manufacturers of medical devices, diagnostics and life science instrumentation, serving similar OEM customers with vertically integrated PCBA, mechanical assembly and test capabilities.
• Integer Holdings: Integer is a medical device contract manufacturer focused on electrophysiology, vascular and portable medical products, with vertically integrated capabilities for regulated mechatronic device assembly.
• Phillips-Medisize (Molex): Phillips-Medisize is a specialized medical device CDMO providing design, development and manufacturing of drug delivery, diagnostics and medtech instruments - the closest specialized competitor to Paramit's mechatronic focus.
• Flex (Flex Medical Solutions): Flex's medical device and life sciences business offers design, manufacturing and supply chain services for complex regulated instruments, closely mirroring Paramit's mechatronic CDMO model at significantly larger scale.
• Sanmina: Sanmina operates dedicated medical and life sciences manufacturing with PCBA, optical, mechanical and test capabilities for OEM customers - directly comparable in product scope and customer profile to Paramit.

Others

• Tecan Group: Tecan is Paramit's parent company and itself a developer/manufacturer of life science instruments and diagnostics - included as an ecosystem participant whose strategy directly governs Paramit's market positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/paramitcorp
• YouTubeyoutube.com/user/TecanTube/featured
• Facebookfacebook.com/tecantalk
• LinkedInlinkedin.com/company/tecan

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paramit Corporation