Cadence completed the acquisition of Utitec.

Cadence, a full-service contract manufacturing partner, completed the acquisition of Utitec, a manufacturer specializing in miniature, deep drawn medical device and commercial components. Financial terms were not disclosed. "Acquiring Utitec better positions Cadence to lead the medical device contract manufacturing industry through investment, innovation, and faster growth to best meet our customers' evolving needs. We look forward to leveraging the company's deep expertise in miniature, high-precision components for medical devices, while expanding our capabilities to include deep draw and additional cleanroom assembly capacity in Costa Rica to support new and transfer products for our customers," Rob Werge, Cadence President and CEO.