Alleima acquires Endox
- 2024-12-10
Alleima acquires Endox, a specialized manufacturer of medical components.
Alleima has signed an agreement to acquire Endox Feinwerktechnik GmbH & Endox Polska Sp. z o.o. (“Endox”), a Germany-based manufacturer specializing in medical components for endoscopic applications.
Endox partners with medical devices companies to develop, produce and supply nitinol and stainless-steel products and components primarily in the fields of urology, gastroenterology, and endoscopy. The product portfolio includes guidewires, polypectomy snares and stone retrieval baskets. The company will be reported in the Kanthal division.
"In line with our strategy for profitable growth and increased resilience, we are focusing on growing, stable and profitable sectors such as the Medical segment. This will further strengthen our premium position in the Medical segment. I am looking forward to welcome Endox to our Group, says Göran Björkman”, President and CEO of Alleima.
With strengthened and complementary capabilities, the acquisition of Endox enables forward-integration in the value chain of the medical industry. The product offering, certifications, and existing customer base of Endox will increase Alleima’s addressable market. The combined capabilities and footprint will drive new product development and geographical sales expansion, as well as possibilities of joint utilization of production and application capabilities.
“The acquisition will enable us to enhance our medical offering as it will broaden our capabilities and expand our product portfolio in wire-based catheter applications bringing added value to our customers and further strengthening our market position,” says Robert Stål, President of the Kanthal Division.
Endox was founded in 2001, has 90 employees and is headquartered in Dettingen, Germany with an additional manufacturing unit in Bielsko-Biala, Poland. In 2023, Endox had revenues of approximately SEK 65 million, and an EBIT margin slightly positive to Kanthal. The parties have agreed not to disclose the purchase price. Impact on Alleima’s earnings per share will be slightly positive.
The transaction is expected to close in the first quarter of 2025 and is subject to customary approvals.
Sandviken, December 10, 2024
Alleima AB (publ)
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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 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 industries, precision strip steel for white goods compressors, 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, had approximately 6,500 employees and revenues of about 21 billion SEK in about 80 countries in 2023. The Alleima share was listed on Nasdaq Stockholm’s Large Cap list on August 31, 2022, under the ticker ‘ALLEI’. Learn more at www.alleima.com.
About Endox
Endox Feinwerktechnik GmbH develops, produces and distributes innovative medical instruments for flexible endoscopic applications worldwide. Over the decades, Endox has brought numerous unique new developments to the market and has international product approvals. The offering includes both standardized products as well as individual solutions. Endox has several production technologies, such as laser welding, laser cutting, and micro plasma welding. Endox was founded in 2001, has 90 employees and is headquartered in Dettingen, Germany with an additional manufacturing unit in Bielsko-Biala, Poland. In 2023, Endox had revenues of approximately SEK 65 million. Learn more at www.endox-technik.de.
