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Teleflex To Acquire Palette Life Sciences

Jul 26, 2023•about 2 years ago

Acquiring Company

Teleflex

Acquired Company

Palette Life Sciences

WayneBiotechnologyHealth Care

Description

Teleflex Incorporated (NYSE:TFX), a leading global provider of medical technologies, today announced it has entered into a definitive agreement to acquire privately-held Palette Life Sciences AB for an upfront cash payment of $600 million at closing, and up to an additional $50 million upon the achievement of certain commercial milestones. The acquisition is subject to customary closing conditions, including receipt of certain regulatory approvals, and is expected to be completed in the fourth quarter of 2023.

Company Information

Company

Teleflex

Location

Wayne, Pennsylvania, United States

About

Teleflex is a global provider of medical technologies designed to improve the health and quality of people's lives. The company specializes in vascular intervention, surgical instruments, and anesthesia technologies. Teleflex is committed to investing in innovative solutions to enhance patient care and outcomes. They operate in numerous markets worldwide.

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M&A Insights

Based on deal data
Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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Success factor
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