Teleflex Inc. Completes Sale of OEM Business for $1.5B

What Happened
Teleflex Incorporated announced on Aug. 3, 2026 that it completed the previously announced sale of its Original Equipment Manufacturing and Development Services business (the "OEM Business") to Lotus US Bidco Inc. for $1,500,000,000 in cash, subject to customary purchase price adjustments. The divestiture was made under the Equity Purchase Agreement dated Dec. 9, 2025 (incorporated by reference), and Teleflex furnished a press release about the closing (Exhibit 99.1).

Key Details

• Closing Date: August 3, 2026.
• Buyer: Lotus US Bidco Inc. (Delaware corporation).
• Purchase price: $1,500,000,000 in cash, subject to adjustment per the agreement.
• Ancillary commercial agreements signed at closing: a transition services agreement, a development and manufacturing agreement, and a long‑term supply agreement to govern post‑closing operational support and product supply.
• Pro forma financial information related to the transaction will be filed by amendment to the 8‑K within four business days.

Why It Matters
The transaction completes Teleflex’s strategic divestiture of its OEM Business and brings $1.5 billion of cash proceeds to the company. The ancillary agreements (transition services, development/manufacturing and supply) are intended to provide continuity of operations and product supply between Teleflex and the buyer after closing. Investors should note that pro forma financials reflecting the sale are pending and the company included standard forward‑looking statements and risk disclosures in the filing.