Teleflex has announced it will acquire substantially all of the assets of LMA International N.V. for approximately $276 million, according to a news release.
LMA, which is headquartered in Singapore, designs, manufactures, markets and distributes the LMA laryngeal mask airway range of supraglottic airway devices and LMA atomization devices for administration of medication.
In a separate transaction, Teleflex announced it signed definitive agreements with the shareholders of Intavent Direct Limited and affiliates to acquire the LMA branded laryngeal mask supraglottic airway business and certain other products in the United Kingdom, Ireland and Channel Islands.
"These acquisitions will be complementary to Teleflex's current anesthesia and respiratory businesses, creating a stronger, more diversified business segment with more than $530 million in combined annual sales," said Benson Smith, chairman, president and CEO, in the release. "The addition of these businesses significantly strengthens and expands our global anesthesia product portfolio, providing opportunities with respect to key clinical U.S. and international call points, while also further strengthening our GPO relationships."
The transactions are expected to be completed during the fourth quarter of 2012.
Teleflex is headquartered in Research Triangle Park, N.C.
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