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Paramit, headquartered just outside the heart of Silicon Valley and acquired by Swiss-based Tecan Group in 2021, is dedicated to improving people’s lives and health by empowering customers to scale healthcare innovation globally. Paramit develops and manufactures electronics based medical devices and life science instruments. We offer customers around the globe access to a deep bench of engineering and product development talent, as well as access to high-quality, cost-competitive manufacturing in North America and the APAC region. Our two world class facilities, strategically located in Northern California and Penang, each span roughly 150,000 square feet and are ISO 13485 certified. Both Paramit and its parent company, Tecan, are dedicated to improving people’s lives and health-related outcomes. We share a strong customer-centric culture and a long track record of operating in highly regulated markets, which are focused on mechatronic-intensive instruments that combine custom electronics, optics, robotics and/or microfluidics. Paramit’s vertically integrated capabilities include PCB assembly, test development, optics assembly and our innovative vPoke® computer directed mechanical assembly process. vPoke, designed for high integrity manufacturing and regulated markets, provides us with comprehensive device history records and full traceability for each and every product, ensuring that we consistently meet our goal of zero defects. Our extensive team of skilled engineers and technicians are fully equipped to assist customers during all stages of the new product introduction (NPI) process, including ideation, design, prototype development, late-stage reviews, manufacturing, and post-manufacturing services. We share a commitment to excellence and are singularly focused on helping our customers successfully bring bring their products to market.

Paramit Questions

The Paramit annual revenue was $297.5 million in 2026.

Rick Kent is the CFO of Paramit.

250 people are employed at Paramit.

Paramit is based in Morgan Hill, California.

The NAICS codes for Paramit are [339112, 3391, 33, 339, 332, 33911].

The SIC codes for Paramit are [33, 38, 384, 339].

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