San Francisco – Nov. 7 – Global precision components producer Indo-US MIM Tec (Bangalore, India and Princeton, N.J.), announced today that its board of directors has unanimously approved a plan to separate its medical device contract manufacturing services from the company in a transaction that will result in an independent and highly focused company, Indo-Med.
John Gaspervich, past president of Indo-MIM, has been named president of Indo-Med and has established corporate offices in San Francisco with large scale manufacturing systems in Bangalore, India.
“With his years of experience helping to build Indo-MIM into the global leader it has become today, I am confident in John’s abilities to grow Indo-Med into an equally successful organization,” said Krishna Chivukula, Indo-MIM chairman and CEO. “Our roots in making high quality components for critical applications in aerospace, defense and automotive industries and our exceptional engineering teams – combined with a new focus on harmonizing our services for medical device and life science companies – will position us for success in this growing and dynamic space.”
“I am excited to take the lead of Indo-Med and promote its mission of becoming the partner of choice for medical device manufacturing,” said Gaspervich. “We are truly excited about the opportunity to better serve the medical device industry. As a step on our path in doing so we look forward to exploring potential acquisitions and partnering candidates to complement our new company and its strategic directives.”
Gaspervich’s career spans more than 30 years of technical and operational leadership in precision manufacturing technologies. He is a recognized industry expert in Metal Injection Molding (MIM) technology as well as having vast experience in powder metallurgy processes, metal matrix composites, precision machining, investment casting, plastic injection molding and other precision fabrication technologies. For the last three years Gaspervich has lived in Bangalore, India as president of Indo-US MIM Tec (Indo-MIM) focused on growing the company into a global leader in MIM technology. Gaspervich has been involved in numerous successful high technology manufacturing start-up operations throughout his career.
Over the last 10 years, Indo-MIM has become the world’s largest producer of Metal Injection Molding (MIM) components in the world, with more than 400,000 sq. ft. of manufacturing space and over 1,000 employees. Indo-MIM specializes in producing high-precision metal components complemented by specialized secondary processes to meet the exacting requirements of complex engineered products. Its state-of-the-art MIM manufacturing process and facilities for mold making and precision machining address the needs of numerous partners in aerospace, defense and automotive industries.