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Intech, contract manufacturer of orthopedic medical devices, reported 2021 financial results and provided a summary of recent business insights.
2021 Group Revenue: Year-end revenues for 2021 reached $150 million, +9% vs. 2020. Growth was fueled by recent expansions and driven by Intech’s exposure to innovative Robotics & Navigation programs despite COVID’s negative impact on elective surgeries and supply chains.
Intech Chatellerault: Expansion into 3D printing and implants manufacturing. In December 2021, Intech announced the acquisition of machining and additive manufacturing company Coulot Decolletage. Intech anticipates continued growth and success as they expand services in spine, extremities and trauma implants while accelerating time-to-market.
Organic expansion: With Montagu’s support, Intech has engaged in a series of site expansions with a strong investment plan to add over 150,000 sq. ft. of manufacturing floorspace to support new business within the next 18 months. In December 2021, Intech Saint-Soupplets completed first phase expansion with an additional 10,000 sq. ft. of production floor space.
Intech Rockaway: Intech is ramping its Cases & Trays capabilities in the United States, with a location in Rockaway, New Jersey. The new business unit is set to launch in 2Q22 under the leadership of David Hollner. This new facility will allow Intech to increase its responsiveness and customer service to U.S. clients.
Recruitment Milestone: As the company grows, the energy and talent of the Intech team plays a vital role in the success of every project as they work towards exceeding expectations to deliver a world of excellence for their customers. In 2022, Intech will reinforce its team with the recruitment of an additional 100 employees, including its 1,000th Intecher!
The launch of SMADE: The rebrand of Wayvio into SMADE, an Intech spinoff providing IoMT and data-driven smart solutions to help OEMs and healthcare organizations in their daily decision-making.
The recent digital transformation of healthcare and the widespread use of smart medical solutions have come with new legal, regulatory and supply chain challenges. Data needs to be accurate, accessible, reliable and insightful to address the real-life pain points of large-scale healthcare organizations and OEMs.
Source: Intech
