Cadence Inc., a Virginia-based supplier of advanced products for medical, life science, automotive and industrial companies with a large facility in northwestern Wisconsin, said Tuesday it has acquired Utitec Inc., a manufacturer specializing in miniature, deep drawn medical device and commercial components.
Financial terms of the transaction were not disclosed in a press release from Staunton, Virginia-based Cadence.
The acquisition of Utitec, based in Watertown, Connecticut, is expected to better position Cadence “to lead the medical device contract manufacturing industry through investment, innovation, and faster growth to best meet our customers’ evolving needs,” said Rob Werge, Cadence’s president and CEO, in the press release.
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