Announced
Completed
Financials
Tags
manufacturer
Acquisition
Private Equity
Friendly
Germany
metal products for medical technology
Medical Equipment
Cross Border
Private
Majority
Single Bidder
Completed
Synopsis
TA Associates-backed Elos Medtech, a development and manufacturing partner for medical devices, completed the acquisition of Klingel Medical Group, a manufacturer of metal products for medical technology, from IK Partners, a European private equity firm, for €370m. “Elos is the exact image of Klingel. The focus is on the same values such as down-to-earthness, short decision-making paths, sustainable growth, and securing jobs for employees. I am pleased that we have arrived in a safe harbor together, combining our strengths for a great future with the new company," Ralf Petrawitz, Klingel Co-CEO.
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