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IK Investment Partners acquires Klingel medical metal

IK Investment Partners’ (IK) IK VIII Fund is to acquire Klingel medical metal, a manufacturer of high-precision and complex metal components mainly for a range of medical technology applications, from Halder. 

Klingel was established in 1986 and has become a leading independent contract manufacturer of high-precision, hard-to-machine parts made from titanium and high-grade types of stainless steel. The Company operates a vertically integrated business model with in-house capabilities spanning the entire production value chain from design to manufacture to final packaging with a strategic focus on medical technology. Klingel’s high precision components go into various orthopaedic, cardiovascular and dental implants as well as instruments for endoscopy and robotic surgery.
 
Working in partnership with its OEM customers across the medical technology as well as measurement and control industries, Klingel has gained a reputation for uncompromising quality. Headquartered in Pforzheim, Germany, the Company operates two manufacturing sites with over 200 CNC machines and employs more than 300 people.
 
“By providing mission critical components of the highest quality standards, Klingel has formed long-standing relationships with our customers. IK has a genuine understanding of the CMO market and shares our international growth strategy. With their support, we will continue contributing to our customers’ success by offering real added value to their end consumers,” says Ralf Petrawitz, Technical and Commercial Managing Director of Klingel.
 
“We are impressed by Klingel’s strong management team. Together we will continue to build on the strong market position, technical know-how and broad service offering Klingel has developed over the last three decades. IK is well-positioned to support Klingel thanks to our experience with Marle, a leading European CMO of hip and knee orthopaedic implants, acquired in 2016,” says Anders Petersson, Partner at IK.
 
Klingel represents the IK VIII Fund’s second mid cap acquisition in the past month, and the 11th acquisition announced by the Fund. Financial terms of the transaction are not disclosed.

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