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Paramit Acquires Emphysys to Expand Product Development Capabilities
Monday 30 November 2020

California-based medical device manufacturer Paramit Corp. has acquired Boston-based technology development firm Emphysys, Inc., to offer complete end-to-end, transferless development services, the company said.

Terms of the transaction were not disclosed.

Combined with Paramit's product design and manufacturing expertise, Emphysys will support the front end of the leading healthcare product realisation solution that Paramit delivers for its customers.

Emphysys will provide a strong Boston-area presence to better serve and help drive growth with Paramit's customers in the medical device and life sciences markets.

Schiff Hardin LLP acted as legal counsel for Paramit. Canaccord Genuity acted as exclusive investment banking advisor to Emphysys and Morse Barnes-Brown and Pendleton, PC acted as legal counsel.

Based in Silicon Valley with operations in the US, Europe, and Malaysia, Paramit develops and manufactures medical devices and life science instruments for its customers.

Emphysys, founded in 2009 and located just north of Boston, Massachusetts, specialises in power electronics, RF and microwave, embedded control systems, medical handpieces and consoles, motion control and thermo-fluid systems.
Date Published: 30/11/2020