# Paramit Corporation acquires S.I.E. SOLUTIONS

Paramit Corporation agreed to acquire Austrian-based S.I.E. SOLUTIONS, a designer and manufacturer of embedded technology solutions for healthcare and security, expanding Paramit's operations to Europe.

- Type: Acquisition
- Announced: 2020-10-27
- Where: Lustenau, Austria, Austria
- Status: announced
- Products: embedded technology solutions, medical devices, life science instruments
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Paramit](https://endata.com/companies/21394.md) (acquirer)
- [S.I.E. SOLUTIONS](https://endata.com/companies/50774.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/paramit-corporation-expands-operations-to-three-continents-with-acquisition-of-sie-solutions-301160128.html), 2020-10-27: "Paramit Corporation announced today that as part of its planned strategic expansion into Europe, it has agreed to acquire Austrian-based S.I.E. SOLUTIONS"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.