AcquisitionsAug 3, 2026, 06:42 AM
Integer Holdings to be Acquired by KKR for $5.7B; Q2 Sales Down 2.6%
AI Summary
Integer Holdings Corporation announced it has entered into a definitive agreement to be acquired by an affiliate of investment funds managed by KKR in an all-cash transaction valued at an enterprise value of $5.7 billion. Under the terms, stockholders will receive $127 per share. Concurrently, the company reported its second quarter 2026 results, with sales decreasing 2.6% to $464 million and GAAP operating income falling 42% to $35 million. Due to the pending transaction, Integer has withdrawn its financial outlook and canceled its scheduled earnings conference call.
Key Highlights
- KKR to acquire Integer Holdings for an enterprise value of $5.7 billion.
- Integer stockholders to receive $127 per share in cash.
- Company withdrew its previously issued financial outlook and canceled earnings call.
- Q2 2026 sales decreased 2.6% to $464 million; organic sales decreased 1.5%.
- GAAP operating income from continuing operations decreased 42% to $35 million.
- GAAP diluted EPS from continuing operations decreased 34% to $0.69.
- Non-GAAP adjusted EPS increased 3% to $1.60.
- Cardio & Vascular sales decreased 2% to $280 million.
Price Impact
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