By Brian Flynn
On May 19, 2015, Molex Incorporated announced that Molex Ireland Holdings B.V. has acquired ProTek Medical Ltd. According to the press release, ProTek Medical, based in Sligo, Ireland, specializes in cleanroom injection molding and cleanroom device manufacturing and assembly. According to news sources, Molex, headquartered in Lisle, IL, is a subsidiary of Koch Industries Inc., having been acquired for $7.2 billion in September 2013. According to its website, Molex manufactures electronics interconnectors including medical connector products and medical cable assemblies. This acquisition follows Molex’s recent acquisition of Soligie, Inc., a corporation that provides printed electronic solutions for a range of products including medical goods, on May 5, 2015. The press release states that moving forward, ProTek Medical will operate as a subsidiary of Molex Ireland Holdings B.V.
Tim Ruff, Senior Vice President of Business Development and Corporate Strategy for Molex stated:
“This strategic acquisition broadens the scope of our integrated medical solution offerings and significantly strengthens our medical device design, manufacturing, and test capabilities.”