Teleflex completes acquisition of Vascular Solutions

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Teleflex Incorporated has completed its previously announced acquisition of Vascular Solutions.

On December 2, 2016, the two companies announced a definitive agreement for Teleflex to acquire all of the issued and outstanding shares of Vascular Solutions common stock for US$56.00 per share, in cash.

Vascular Solutions focuses on developing clinical solutions for minimally invasive coronary and peripheral vascular procedures. Teleflex hopes that the combination will accelerate the growth of the company’s vascular and interventional businesses by its entry into the coronary and peripheral vascular market, as well as increased cross-portfolio selling opportunities to both Teleflex and Vascular Solutions customer bases.