Announced
Financials
Sources
Tags
Friendly
mechanical engineering solutions
Medical Equipment
Switzerland
Majority
Cross Border
Single Bidder
Pending
medical devices
Acquisition
Private
Private Equity
Synopsis
IK Partners-backed Klingel, a metal processing company in Pforzheim, Germany, agreed to acquire Ruetschi, a contract manufacturer for medical devices. Financial terms were not disclosed. "Ruetschi is the perfect complement for our growing MedTech platform in Europe. The combination does not only add further manufacturing capabilities to Klingel’s offering, but also brings leading MedTech customers to the group. We look forward to continuing the journey and grow stronger and larger together with Ruetschi," Ralf Petrawitz, Klingel CEO.
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