Cryogenic Solutions Details Expansion
(Image courtesy of Cryogenic Solutions)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowA medical equipment repair company is growing in Indianapolis. Cryogenic Solutions Inc. plans to invest $1 million into expanding its existing facility and tripling its Marion County work force.
The company recently completed the acquisition of New York-based Inventory Solutions and says it plans to relocate some of those workers to Indianapolis. Cryogenic Solutions currently employs 16 in Indianapolis and is set to start adding up to 31 new positions early next year.
Vice President of Operations Travis Caulk says "Indiana is an ideal location for Cryogenic Solutions’ growth given its favorable business climate and access to a quality workforce."
The Indianapolis-based company was founded in 2008 and is based on the city’s west side. It has 14 vendor repair facilities throughout the country and offers repair services for the medical industry, including liquid systems, concentrators, CPAPs and BiPAPs, cylinder testing, refinishing and smart monitors. Cryogenic Solutions has been offered up to $215,000 in conditional tax credits from the Indiana Economic Development Corp.
You can connect to more about the expansion by clicking here.