Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now

Integer Holdings Completes Acquisition of Pulse Technologies for $140 Million


Integer Holdings, a leading medical device maker, has announced the successful completion of its acquisition of Pulse Technologies. The transaction, valued at approximately $140 million, was finalized last week and was financed through borrowings under Integer’s existing revolving credit facility.

Pulse Technologies, based in Quakertown, Pa., is a prominent contract manufacturing company specializing in advanced technologies and complex micro-machining of medical device components. Integer’s acquisition of Pulse is expected to enhance its end-to-end development capabilities and expand its manufacturing footprint in targeted growth markets.

With estimated sales of about $42 million projected for 2023, Pulse also has an estimated adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $11 million for the year. Integer anticipates that Pulse’s sales growth and adjusted EBITDA margin will contribute positively to its overall performance.

While the purchase price amounts to $140 million, Integer foresees a net-present-value tax benefit of $15 million over the course of approximately 15 years. Additionally, there may be additional consideration paid based on the achievement of specific revenue growth targets until 2025.

Money Flows Into Bonds of Major Banks Ahead of Earnings Season

Previous article

Industrial and Transportation Stocks Surge as Earnings Season Approaches

Next article

You may also like


Leave a reply

Your email address will not be published.

More in News