MD+DI Online is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Big Deals Hit Device Suppliers, Too

This has been a banner year for blockbuster device industry deals. Over the holiday weekend, device suppliers got into the act, too. Signapore's Flextronics International Ltd. acquired Avail Medical Products Inc. (Fort Worth, TX), one of the leading contract manufacturers to the device industry. Financial terms were not disclosed. This comes just after Flextronics' $3.6 billion purchase of contract electronics manufacturing firm Solectron Corp. received approval from European regulators.

The two deals signify Flextronics' desire to become a major player in the medical device industry. Meanwhile, GE completed the sale of its plastics division to Saudi Basic Industries Corp. (SABIC), a petrochemicals manufacturer, for $11.6 billion. The plastics group sells resins into a variety of industries, including medical devices.  

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish