Flextronics Boosts Medical Disposables Business, to Acquire Slomedical

Flextronics has agreed to acquire Slomedical S.R.O. to expand its medical disposables lineup, pending regulatory clearances, for an undisclosed amount.

Slomedical is a European manufacturer of disposable medical devices—ranging from tubing sets to complex devices for minimally invasive surgery. Flextronics is an electronics manufacturing services provider focused on the automotive, computing, consumer, industrial, infrastructure, medical and mobile OEMs.

The transaction is taking place through a share purchase agreement and is expected to close before the end of this year, according to the Singapore-headquartered firm.

The acquisition will expand Flextronics’s capability for medical disposables through Slomedical’s low-cost European location in Slovakia and allow Flextronics to significantly advance its disposables strategy throughout Europe, the firm said.

“We evaluated many companies to determine the best fit for the acquisition of our organization. Flextronics is the ideal organization based on its ability to augment our current capabilities and its significant market strength in the medical space,” said Frank Sodha, managing director of Slomedical.

In related news, Flextronics recently completed a major expansion of its Tijuana, Mexico, campus, which is dedicated to disposable medical device manufacturing.

The campus includes key vertical integration capabilities of plastic injection molding and plastic extrusion as well as cleanroom assembly operations, according to the firm.

“The major expansion of our Tijuana, Mexico campus and the imminent acquisition of Slomedical will significantly expand our ability to serve theglobal disposables medical device market for European and multi-national customers,” said Dan Croteau, president of Flextronics.