Aug 13 Teleflex Inc said on Monday it
would buy Netherlands-based LMA International NV,
which specializes in anesthesia and emergency care products, for
about $276 million to boost the U.S. medical device maker's
Teleflex has also agreed to acquire U.K-based medical device
maker Intavent Direct Ltd's LMA branded laryngeal mask
supraglottic airway business and certain other products in the
United Kingdom, Ireland and Channel Islands.
Teleflex expects the deals to be accretive to its adjusted
earnings per share by about 3 cents to 4 cents in the fiscal
year 2012, and by 35 cents to 40 cents in 2013.
Teleflex Chief Executive Benson Smith said the acquisition
would create a more diversified business segment with more than
$530 million in combined annual sales.
LMA reported a revenue of $123.9 million the year 2011.
The deals are expected to be completed during the fourth
quarter of 2012.
Teleflex shares had closed at $62.69 on the New York Stock
Exchange on Monday.