Flextronics International Ltd. (FLEX) said that it is expanding its medical disposables offering and has signed an agreement to acquire Slomedical S.R.O through a share purchase agreement.
Slomedical is an European manufacturer of disposable medical devices ranging from tubing sets to complex devices for minimally-invasive surgery. This deal is expected to close before the end of the calendar year, pending required regulatory clearances.
Upon completion, this strategic acquisition will expand Flextronics's overall capability for medical disposables through Slomedical's low cost European location in Slovakia and allow Flextronics to significantly advance its disposables strategy throughout Europe.
For comments and feedback: editorial@rttnews.com