Teleflex Incorporated (NYSE:TFX), a leading global provider of medical technologies, announces it has completed the previously disclosed divestiture of its OEM business to Montagu and Kohlberg, for $1.5 billion in cash. The close of the OEM transaction marks a pivotal milestone in Teleflex’s transformation strategy, sharpening the Company’s focus on the commercial excellence of its continuing businesses. The divestiture strengthens Teleflex’s financial flexibility and positions it to accelerate innovation and drive sustainable, profitable growth while returning significant capital to shareholders.
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Source: https://www.businesswire.com/news/home/20260803053250/en/Teleflex-Completes-Strategic-Divestiture-of-OEM-Business-for-%241.5-Billion