Flextronics acquires SloMedical S.R.O

Flextronics (Nasdaq: FLEX) today announced that it has completed the previously announced acquisition of SloMedical S.R.O., a leading European manufacturer of disposable medical devices ranging from tubing sets to complex devices for minimally-invasive surgery. Through its medical segment, Flextronics provides a broad set of capabilities to medical device, medical equipment, and pharmaceutical customers. Terms of the deal were not disclosed.

"The SloMedical acquisition expands our service offering for disposables device manufacturing, specifically in Eastern Europe, and provides Flextronics customers with a geographically advantageous, FDA compliant, high quality, clean room enabled production site with competitive costs," said Dan Croteau, president, Flextronics Medical. "On behalf of Flextronics, I welcome the SloMedical team to Flextronics and look forward to providing our customers with additional product expertise and expanded competitive services."