financetom
Business
financetom
/
Business
/
Medical device maker Teleflex to split into two
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Medical device maker Teleflex to split into two
Feb 27, 2025 4:35 AM

Feb 27 (Reuters) - Teleflex ( TFX ) said on Thursday it

would split into two by spinning off its business that makes

devices for the urology, and acute care markets as well as its

contract manufacturing unit.

That would make Teleflex ( TFX ) a company that primarily makes

devices for bloodstream- and heart-related procedures and for

medical imaging and surgical purposes.

To boost this business, Teleflex ( TFX ) also said it would buy

Germany-based Biotronik's blood vessel device unit for about 760

million euros ($796.3 million) in cash.

Teleflex ( TFX ) said it would distribute shares of the spun-off

company to shareholders and expects the separation to be

completed in mid-2026.

($1 = 0.9544 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved