EMS specialist Nortech Systems Incorporated (NASDAQ: NSYS) announced that it has acquired all of the intellectual property and assets of Trivirix Corporation of Milaca, Minnesota, excluding cash and receivables.
The Milaca operation specializes in design, manufacturing and post-production services of complex electronic and electromechanical medical devices for diagnostic, analytical and other life-science applications. In addition, they maintain ISO 9001 and ISO 13485 certification, FDA registration and QSR compliance.
"This acquisition expands our capabilities and expertise serving medical electronics manufacturers," said Mike Degen, Nortech Systems' President and CEO. "Along with enhancing our long-term sales opportunities to both existing and new customers, the quality systems, supply chain expertise and lean manufacturing discipline we acquired make this a strategic fit with Nortech," added Degen.
Nortech Systems serves three core market segments--industrial, defense and medical--and market analysts expect medical to have the strongest growth potential for EMS firms, according to the company.
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Nortech Systems Incorporated, based in Wayzata, Minnesota, is a full-service EMS provider of wire and cable assemblies, PCB assemblies and higher-level complete box build assemblies for a wide range of industries. Markets served include industrial equipment, aerospace/defense and medical. The company has manufacturing capabilities and operating partners in the U.S., Asia and Latin America.
