Valtronic SA

What Valtronic SA does

Valtronic Technologies (Holding) SA is a privately held Swiss contract manufacturer founded on 8 March 1982 in the Vallée de Joux, born out of the conversion of the Swiss watch-making industry into microelectronics. The company specializes in the design, industrialization, and volume manufacturing of miniaturized electronic and electromechanical medical devices, with documented capabilities spanning microelectronics assembly (placement of 008004 components, ultra-fine pitch, micro-FCBGA at 2,100 connections / 150µm pitch), complex rigid and flexible printed circuit board assemblies, full box builds, and dedicated clean room assembly for implants and sensitive medical components. Valtronic also operates an R&D and Innovation Office within the EPFL Innovation Park in Lausanne, and has filed proprietary platforms such as SmartCap (a Bluetooth-connected retrofit cap for disposable injection pens launched November 2017) and Compendium (a secure HIPAA-compliant implant and physiological connectivity platform launched November 2014).

The company serves three primary markets: medical technology (the dominant segment, including active implants, hearing aids, insulin pumps, diagnostic and drug delivery devices, smart contact lenses, surgical robots, and blood transfusion systems), diagnostics manufacturers (point-of-care, glucose, cardiac markers, infectious disease testing), and advanced industrial customers requiring high-precision microelectronic assemblies. Named customers and products include the Inspire sleep apnea neurostimulator for Inspire Medical Systems, the SENSIMED Triggerfish continuous ocular monitoring lens for Sensimed SA, the DirectSTIM directional deep brain stimulation probe for Aleva Neurotherapeutics, the VentFree respiratory muscle stimulator for Liberate Medical, and PCBA and box build transfers for The Telos Alliance.

Valtronic generated revenue primarily through B2B direct sales to medical device OEMs, combining contract manufacturing services with hardware sales of finished Class II and III medical devices. The company is ISO 13485:2016 certified across all sites, FDA registered under 21 CFR 820, and IPC-7711/7721 certified for rework and repair. Manufacturing facilities were historically located in Switzerland, the United States (Solon, Ohio), and Morocco, with total headcount around 350 employees. In a transaction reported in February 2026, the publicly listed EMS provider Cicor Group acquired Valtronic's US and Moroccan subsidiaries, materially reducing Valtronic's international footprint and leaving the Swiss parent focused on higher-complexity, miniaturization-driven programs from its Vallée de Joux base under a new Group CEO, Dr. Laurent Bataillard, who joined in October 2024 from Resonetics.

Name

Valtronic SA

Legal name

Valtronic Technologies

Website

https://valtronic.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Valtronic Technologies is a Swiss full-service contract manufacturer, founded 1982 in the Vallée de Joux, that designs and builds miniaturized microelectronic and clean-room-assembled medical devices (active implants, smart contact lenses, DBS probes, drug delivery systems) for medical device OEMs.

Ownership category

akta.pro rank

Headquarters

HQ city

Solon

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Contract Manufacturing Services: Full-service contract manufacturing including design support, industrialization, and volume manufacturing of medical devices and microelectronic assemblies. Revenue generated through manufacturing services for OEM customers.
2. Medical Device Manufacturing: Manufacturing of Class II and III medical devices for OEM customers including implants, diagnostic devices, and therapeutic equipment.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Valtronic SA is a full-service contract manufacturer that designs, industrializes, and produces miniaturized electronic products and complete medical devices for OEM customers. Its core offerings span microelectronics assembly, rigid and flex PCBAs, box builds, and full medical device manufacturing, executed across manufacturing facilities in Switzerland, the United States, and Morocco. The company also develops proprietary products such as the SmartCap connected injection device and the Compendium secure implant connectivity platform.

Product overview

Valtronic SA is a full-service contract manufacturer dedicated to the medical device industry, offering a comprehensive suite of products and services from design and development through industrialization to volume manufacturing. The core offerings include Microelectronics assembly, Rigid/Flex PCBAs, Box Builds, and Medical Device Manufacturing. The product portfolio includes proprietary innovations such as SmartCap (connected injection pen device) and Compendium (secure physiological connectivity platform), alongside customer-specific products like the SENSIMED Triggerfish smart contact lens and DirectSTIM DBS probes. Valtronic serves three primary markets: Medtech, Diagnostics, and Advanced Industrial, with manufacturing facilities across Switzerland, the United States, and Morocco.

Differentiator

Problem solved

Functional benefit

Products and services

• Microelectronics Assembly Microelectronic assembly services for medical devices including placement of the smallest passive components (008004 size), ultra-fine pitch assembly, and customized 3D packaging solutions, sold to medical device OEMs.
• Rigid / Flex PCBAs Complex rigid and flexible printed circuit board assemblies for medical applications with high-density interconnects, sold to medical device OEMs.
• Box Builds Full assembly of complex electronic devices combining multiple assembly technologies and supply chain management, sold to OEMs requiring finished subassemblies or final devices.
• Medical Device Manufacturing Full-service contract manufacturing for Class II and III medical devices from design and development through industrialization to volume manufacturing, including clean-room assembly and regulatory compliance support.
• SmartCap A smart cap device that transforms disposable injection pens into connected devices, recording dose, date/time of injection, and ambient temperature. Connected via Bluetooth to a smartphone app for patient and caregiver data sharing.
• Compendium Platform Secure implant and physiological connectivity platform providing an integrated system with proprietary phone app for remote patient monitoring, biometrically controlled data transmission, and HIPAA-compliant cloud connectivity.
• Miniaturization Services Advanced miniaturization expertise including 008004 component placement, ultra-fine pitch assembly, custom 3D-packaging, flip-chip BGA, and design for manufacturing consulting for medical device OEMs.

Quantifiable outcome

• Transfer of 21 PCBA projects and 3 box builds completed in 6 months
• +1 more outcomes

Named customers5 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

AI capability2 records

Feature8 records

Partnerships

One partnership is on record.

• Cicor GroupcoreStrategic or Co-development Partner · 1 February 2026Cicor Group acquired Valtronic's US and Moroccan subsidiaries, expanding Cicor's presence in the US market and doubling its capacity in Morocco. The transaction allows Valtronic's subsidiaries to continue their growth trajectory while providing Cicor access to new markets.

Scale indicators6 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Flex Ltd. Global EMS giant with a dedicated Health Solutions business manufacturing medical devices, PCBs, and miniaturized assemblies; directly competes with Valtronic on complex Class II/III medical device contract manufacturing at much larger scale.
• Jabil Inc. Large diversified EMS with a Healthcare segment providing design, manufacturing, and supply chain services for medical devices, diagnostics, and consumer health — competing with Valtronic across similar miniaturized assemblies and full device builds.
• Sanmina Corporation: Global EMS with deep medical device manufacturing capabilities including complex PCBA, box builds, and regulatory-compliant volume production; directly comparable as a vertically integrated medical contract manufacturer.

Direct peers

• Integer Holdings Corporation: Medical device outsource manufacturer with capabilities in active implants, interventional, and electro-mechanical devices; direct competitor for miniaturized implantable electronic assemblies and contract manufacturing partnerships.
• Resonetics: Specialist manufacturer of micro-manufactured medical components and devices including nitinol, laser processing, and thin-film flexible circuits; directly comparable as a precision medical device manufacturing partner (and former employer of Valtronic's new CEO).
• Plexus Corp. Medical-focused EMS provider offering design, manufacturing, and aftermarket services for regulated Class II/III medical devices; closest direct peer in terms of mid-sized, healthcare-centric contract manufacturing model.
• Tegra Medical: Medical device contract manufacturer specializing in precision machining, injection molding, and assembly of implants and instruments; comparable as a niche partner for complex Class II/III medical device OEMs.
• Benchmark Electronics: Mid-sized EMS with significant medical and aerospace/defense focus, providing complex PCBA and full system integration for regulated markets — comparable customer profile and product mix to Valtronic.
• Minnetronix Medical: Mid-sized medical device contract designer and manufacturer focused on complex electronic and electromechanical devices; competes for the same Class II/III OEM customers that Valtronic serves in miniaturized medical electronics.

Others

• Cicor Technologies SA: Swiss EMS group that acquired Valtronic's US and Moroccan subsidiaries in 2026; overlapping capability set in medical and industrial microelectronics manufacturing makes it an adjacent rather than direct peer given the partially common historical footprint.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/valtronic-technologies-usa-inc
• Xx.com/valtronic
• Facebookfacebook.com/valtronic

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about Valtronic SA