Teleflex (TFX) announced that it has completed sale of its business units that design and manufacture automotive and industrial driver controls, motion systems and fluid handling systems to Kongsberg Automotive Holding ASA.The company noted that the divested business units were all part of the its Commercial Segment and had annual revenues of about $855 million. The company expects the cash transaction to result in an estimated after tax gain on sale of assets of just about $90 million and the cash deal was valued at $560 million.
For comments and feedback contact: editorial@rttnews.com
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.