M&As this week: Phase 2 Medical Manufacturing, SanCheong
Phase 2 Medical Manufacturing has been acquired by Nexcore Technology, a contract manufacturer of electro-mechanical capital equipment.
The acquisition of the target company, which manufactures single-use instruments and disposable medical devices, enables Nexcore to offer comprehensive solutions and to become a single source of supply for a variety of complex manufacturing and service needs.
In a $224.42m deal, personal protective equipment provider SanCheong has been sold to software developer Hancom.
The acquisition is part of Hancom’s plans to expand into the hardware sector and to achieve leading-edge competitiveness in the next-generation protective equipment market.
Hancom plans to apply its internet of things (IoT) or fire-sensing technology, and other software capabilities to SanCheong’s protective equipment to develop innovative products and to overcome functional limitations of the existing personal protective equipment.
SanCheong’s product line includes self-contained breathing apparatus, mask, and fire-fighting suits.