Alleima completes the acquisition of Endosmart
Alleima has completed the previously announced acquisition of Endosmart Gesellschaft für Medizintechnik GmbH (Endosmart), a Germany based manufacturer of medical devices and components made of the shape memory alloy nitinol. The company will be reported within the Kanthal division of Alleima.
For the rolling twelve-month period ending September 2022, it had revenues of approximately SEK 105 million, and an EBIT margin neutral to Kanthal. The parties have agreed not to disclose the purchase price. Impact on Alleima’s earnings per share will initially be neutral.
Sandviken, December 1, 2022
Alleima AB (publ)
Related links:
— Endosmart product examples – YouTube
— Medical offer at Alleima - Website
Contact details
Emelie Alm, Head of Investor Relations
emelie.alm@alleima.com
Phone: +46 (0) 79 060 87 17
Yvonne Edenholm, Press and Media Relations Manager
yvonne.edenholm@alleima.com
Phone: +46 (0) 72 145 23 42
About Alleima
Alleima AB, formerly Sandvik Materials Technology, is a global manufacturer of high value-added products in advanced stainless steels and special alloys as well as solutions for industrial heating. Based on long-term customer partnerships and leading materials technology, we develop products for the most demanding applications and industries. Our offering includes products like seamless steel tubes for the energy, chemical and aerospace industry, precision strip steel for white goods compressor, air conditioners and knife applications, based on more than 900 active alloy recipes. It also includes ultra-fine wires for medical and micro-electronic devices, industrial electric heating technology and coated strip steel for fuel cell technology for cars, trucks, and hydrogen production. Our fully integrated value chain, from R&D to end-product, ensures industry-leading technology, quality, sustainability, and circularity. Alleima, with headquarter in Sandviken, Sweden and revenues of SEK 13.8 billion in 2021, has more than 5,500 employees and customers in approximately 90 countries. Alleima was listed on Nasdaq Stockholm on August 31, 2022 under the ticker ‘ALLEI’. Learn more at www.alleima.com
About Endosmart
Endosmart is an expert in processing the shape memory alloy nitinol and offers solutions and services for medical device manufacturers. Founded 2002, Endosmart provides its knowhow and expertise for customers all over the world. The offer includes an all-round service: conceptual design of ideas – development of prototypes – series production, even in cleanroom environment – and support during the registration process. Applications are found within urology, oncology, cardiology as well as the orthopedic and vascular areas. With more than 90 employees, Endosmart is headquartered in Karlsruhe, Germany. For the rolling twelve-month period ending September 2022, it had revenues of approximately SEK 105 million. Learn more at www.endosmart.de