Carlisle Companies Acquires LHi Technology - Quick Facts

(RTTNews) - Carlisle Companies Incorporated (CSL) announced the acquisition of LHi Technology, a designer, manufacturer and provider of cable assemblies and related interconnect components to the medical equipment and device industry. LHi was a portfolio company of 3i Group plc, an international investment manager. The enterprise value of the transaction was $195 million. The acquisition is expected to be accretive to Carlisle in the first year.

LHi supplies medical device manufacturers with interconnect components used for patient monitoring, electrosurgery, diagnostic imaging and surgical instrumentation. With annual sales of more than $100 million, LHi has manufacturing and assembly facilities in Shenzhen, China.

David Roberts, Carlisle's CEO, said: "We are excited about the acquisition of LHi, which helps us further penetrate the targeted healthcare market. This acquisition also furthers our strategy to diversify the end markets of Carlisle Interconnect Technologies into other higher margin sectors that reduce our dependence on aerospace for growth."