Mergers & Acquisitions ·
Teleflex completed the sale of its Original Equipment Manufacturing and Development Services business to Lotus US…
TFXTeleflex Inc
Teleflex completed the sale of its Original Equipment Manufacturing and Development Services business to Lotus US Bidco Inc. on August 3, 2026, for a purchase price of $1.5 billion in cash. The transaction includes ancillary agreements such as transition services, development, and long-term supply arrangements. Teleflex estimates after-tax proceeds of approximately $1.25 billion, which it intends to use for debt reduction and share repurchases. This divestiture is part of the company's transformation strategy to sharpen its focus on continuing businesses. Teleflex operates in the medical technology industry, providing solutions in anesthesia, emergency medicine, interventional cardiology, surgical, vascular access, and urology.