Q1 was another record-breaking quarter for In’Tech, as we delivered revenue growth across all business units.
MEMPHIS, Tenn. (PRWEB) June 04, 2019
In’Tech Medical SAS (http://www.intech-medical.com), the leader in contract manufacturing of orthopedic medical devices, today announced Q1-19 revenues of $31M, up 12% from Q1-18. The growth is associated with uptick in activity across the industry combined with successful roll-out of strategic investments & operational excellence initiatives worldwide.
Laurent Pruvost, President & CEO of In'Tech Medical, commented, “Q1 was another record-breaking quarter for In’Tech, as we delivered revenue growth across all business units. In 2014 we reimagined In’Tech Medical. We took big steps towards becoming a global manufacturer of surgical instruments, orthopedic implants, cases & trays and silicone handles. In 2019, after 5 years of robust organic growth and key acquisitions, we have tripled our revenues and have become a major actor in our industry. Our strategy of international expansion and vertical integration puts us in a unique position to serve customers worldwide and we cannot thank enough our skilled workforce that brings our success to life.”
Looking forward, In’Tech intends on sustaining top line growth driven by its premier turnkey offering, value chain solutions and pledges to deliver innovative technologies, such as Wayvio®.
“With Wayvio, we’re taking In’Tech one step ahead of our competition, providing our customers with an insightful asset-management suite. Indeed, today’s healthcare players often struggle to keep track of their inventory once released to the field” said Xavier Leroy, Chief Operating Officer. He added, “Wayvio’s “black box” module will provide our customers with safety, efficiency and traceability helping them save time and money, boosting tray rotations and actively predicting maintenance & replenishment. This new technology will help bridge information gaps from manufacturer to point-of-care.”
In’Tech Medical will be exhibiting June 11-13 at OMTEC 2019, in Chicago, IL. Visitors are welcome to meet the team and experience Wayvio® data-driven asset management solution during an exclusive in-booth presentation on June 12 at 12:40pm, booth #535.
About In’Tech Medical (OMTEC booth #535)
The In’Tech Group is a global leading contract manufacturer of surgical instruments, implants, cases & trays and silicone handles. Powered by 800 employees across the globe, In’Tech is a premiere engineering powerhouse, capable of delivering manufacturing solutions anywhere, at any time. As a healthcare technology innovator, In'Tech is renowned for its portfolio of turnkey designs as well as Wayvio® data-driven asset management solution.