Carlisle Acquires LHi Technology
Business Wire - Wed Oct 01, 7:02AM CDT
Carlisle Companies Incorporated (NYSE:CSL) today announced the acquisition of LHi Technology, a leading designer, manufacturer and provider of cable assemblies and related interconnect components to the medical equipment and device industry. LHi supplies world-class medical device manufacturers with interconnect components used for patient monitoring, electrosurgery, diagnostic imaging and surgical instrumentation. LHi was a portfolio company of 3i Group plc, an international investment manager. The enterprise value of the transaction was $195 million. The acquisition is expected to be accretive to Carlisle in the first year.
CSL: 83.50 (-2.27)
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