Schiff Hardin Advises Paramit Corporation in Agreement to Acquire S.I.E SOLUTIONS

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Schiff Hardin Advises Paramit Corporation in Agreement to Acquire S.I.E SOLUTIONS

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Schiff Hardin LLP represented Paramit Corporation, which designs and manufactures electronics based medical devices and life science instruments, in its agreement to acquire S.I.E SOLUTIONS, which designs, manufactures and provides embedded technology solutions to customers across the healthcare and security technology industries. The acquisition of the Austrian-based company will complement Paramit’s existing design and manufacturing capabilities, and S.I.E SOLUTIONS will serve as Paramit’s headquarters in Europe. The transaction is subject to the receipt of customary regulatory approvals and is expected to close in the fourth quarter of 2020.