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IK sells Klingel Medical Group to Elos Medtech

IK Partners’ IK VIII Fund is to sell its stake in Klingel Medical Group, a full-service provider of complex high-end medical technology components and custom products, to medical equipment manufacturer Elos Medtech.

IK Partners’s (IK) IK VIII Fund (IK VIII) is to sell its stake in Klingel Medical Group, a full-service provider of complex high-end medical technology components and custom products, to medical equipment manufacturer Elos Medtech.
 
Founded in 1986 and headquartered in Pforzheim, Germany, Klingel is a contract development and manufacturing organisation (CDMO) focused on medical technology (MedTech) customers across orthopaedics, spine, trauma, surgical robotics, endoscopy and dental sectors. The group’s offering spans the entire value chain from development services to production and sterile packaging, with eight production facilities in Southern Germany and Switzerland.
 
With IK’s support, sales at Klingel have more than trebled, driven by an expansion of production technologies and the successful bolt-on acquisitions of GEHRING CUT, Bächler Feintech, puracon and Ruetschi. Collectively, the Group has approximately 900 employees.

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