Elos Medtech acquires Klingel Medical through a guaranteed rights issue
Creating a leading European MedTech CDMO with the combination of Elos Medtech and Klingel Elos Medtech AB (publ) (“Elos Medtech”), a leading development and manufacturing partner for medical devices, today entered into an agreement to acquire Klingel Holding GmbH (“Klingel Medical Group” or “Klingel”) from IK Partners and management. Klingel, a leading contract development and manufacturing organization (CDMO) headquartered in Germany, will strengthen Elos Medtech’s position with extraordinary R&D capabilities and new technology expertise. Further, the acquisition will broaden the