M&A: SFS-Groups to buy US company

8 years ago - Published in Finance, Fundamental Analysis

SFS-Group is acquiring Tegra Medical, a U.S. company based in Franklin, Massachusetts. The St.Gallen-based company,  specialist in fastening and assembly systems and the US company agreed not to disclose any details of acquisition price.

The American company produces implants and instruments for orthopedics and non-invasive surgery. It generates annual revenues of $ 80 million and employs 700 people, with production units in the United States and Costa Rica.

The management will be confirmed and CEO Mark King will be part of the SFS Executive Committee. The transaction will be completed no later this year than end of 2016.