SMC'S acquisition of an India-based company allows clients to develop products in the U.S. and have long-term manufacturing in Asia.
SMC Ltd. (Somerset, WI; www.smcltd.com), a fully integrated designer, precision injection molder, and contract manufacturer of medical devices, has acquired Laxmi Electronics, a Bangalore, India–based manufacturer with similar technologies. The company will be known as SMC Laxmi Electronics.
“We have been fortunate to achieve significant growth in the medical markets, and this acquisition brings many strategic benefits for customers seeking to develop products in the United States and have long-term manufacturing in Asia,” says Chetan N. Patel, SMC’s president and CEO. “It establishes our presence in Asia and allows us to participate in the remarkable growth of India’s manufacturing base. This is an opportunity to provide our customers with the best of both worlds.”
Founded in 1983 as a mold manufacturer, Laxmi Electronics also has expertise in thermoplastics technology, and has grown to three facilities totaling more than 100,000 sq ft. In addition to tooling, the ISO-certified company now provides precision injection-molded component manufacturing and contract manufacturing services to customers in Asia, Europe, and the United States.
SMC Ltd. is a manufacturer of close-tolerance tooling, injection-molded plastic parts, and OEM products primarily for the medical industry. The company operates three ISO-certified manufacturing facilities in western Wisconsin and in the Minneapolis/St. Paul metro area. The firm also operates a fully integrated electromechanical design and rapid-prototype facility in Dayton, OH, providing a turnkey resource for product development.