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Announced

Completed

Syntegon completed the acquisition of Telstar from Azbil.

Synopsis

Syntegon, a company specializing in the manufacturing and supply of processing and packaging equipment to the medical and food industry, completed the acquisition of Telstar, a manufacturer and supplier of equipment for the global life and health science industries, from Azbil, a company specializing in building and industrial automation. Financial terms were not disclosed. “Syntegon is world market leader in liquid vial filling. With the acquisition of Telstar, we will enhance our portfolio of innovative technologies and many successful references in the market. Our customers will benefit from even more comprehensive solutions, seamless processes, and lifecycle services. At the same time, we can jointly capture growth opportunities and expand our market presence," Torsten Türling, Syntegon Group CEO.

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