M&A Deal Summary

Teleflex Acquires Palette Life Sciences

On October 10, 2023, Teleflex acquired life science company Palette Life Sciences for 600M USD

Acquisition Highlights
  • This is Teleflex’s 2nd transaction in the Life Science sector.
  • This is Teleflex’s 5th largest (disclosed) transaction.
  • This is Teleflex’s 1st transaction in Sweden.

M&A Deal Summary

Date 2023-10-10
Target Palette Life Sciences
Sector Life Science
Buyer(s) Teleflex
Deal Type Add-on Acquisition
Deal Value 600M USD

Target

Palette Life Sciences

Solna, Sweden
Palette Life Sciences is a fully integrated global life sciences company dedicated to improving patient outcomes, continues to develop new resources and expand access to online training and education to meet the needs of caregivers, pediatric urologists and the global pediatric urology community. Palette Life Sciences is based in Solna, Sweden.

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Buyer(S) 1

Buyer

Teleflex

Wayne, Pennsylvania, United States

Category Company
Founded 1943
Sector Medical Products
Employees14,100
Revenue 3.0B USD (2024)
DESCRIPTION

Teleflex is a provider of medical technology products that enhance clinical benefits, improve patient and provider safety and reduce total procedural costs. The Company primarily designs, develops, manufactures and supplies single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications. Teleflex markets and sells its products to hospitals and healthcare providers worldwide through a combination of our direct sales force and distributors. Teleflex was founded in 1943 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 28 of 29
Sector: Life Science M&A 2 of 2
Type: Add-on Acquisition M&A Deals 24 of 24
Country: Sweden M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-22 Standard Bariatrics

Cincinnati, Ohio, United States

Standard Bariatrics is a surgical procedure company focused on the innovative development and commercialization of medical devices. Driven by a passionate group of surgical innovators, the company continues to release surgical solutions designed to address significant market opportunities. Standard Bariatrics was founded in 2014 and is based in Cincinnati, Ohio.

Buy $170M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-27 Biotronik s Vascular Intervention Business

Berlin, Germany

Biotronik's Vascular Intervention Business consists of a comprehensive and differentiated portfolio for coronary and peripheral interventions performed in the cath lab and interventional radiology suites. In coronary vascular interventions, key products include the Pantera Lux Drug-Coated Balloon Catheter, the novel PK Papyrus Covered Coronary Stent for acute coronary artery perforations, and the Orsiro Mission Drug Eluting Stent, an ultrathin drug-eluting stent with differentiated clinical features.

Buy €760M