Alleima has signed an agreement to acquire Endox Feinwerktechnik GmbH & Endox Polska SP.zo.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.
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 transaction is expected to close in Q1 2025 and is subject to customary approvals.
