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Cadence, Inc., a contract manufacturer of medical and drug delivery devices and specialty commercial products, has acquired Utitec, a manufacturer specializing in highly-engineered precision miniature and ultra-miniature deep drawn components for orthopedic and other medical device applications.
Utitec is headquartered in Watertown, Connecticut, with an additional medical facility located in Alajuela, Costa Rica. Additionally, the company offers cleanroom assembly of finished orthopedic products via its low-cost offshore manufacturing facility located in Costa Rica.
Deep draw capabilities provide a manufacturing solution at a lower cost than conventional machined parts due to reduced labor and high-volume throughput, supplying highly engineered miniature, and ultra-miniature metal components that strongly align with Cadence’s current service offerings.
“Acquiring Utitec better positions Cadence to lead the medical device contract manufacturing industry through investment, innovation, and faster growth to best meet our customers’ evolving needs,” stated Rob Werge, Cadence’s President and Chief Executive Officer. “We look forward to leveraging the company’s deep expertise in miniature, high-precision components for medical devices, while expanding our capabilities to include deep draw and additional cleanroom assembly capacity in Costa Rica to support new and transfer products for our customers.”
Cadence is a full-service contract manufacturing partner, providing initial product design and development through complete manufacturing. Vertical integration enables Cadence to supply end-to-end product realization solutions focused on total value for finished devices.
Source: Cadence, Inc.
