January 6, 2026 (Boston, MA) – Covington Associates, a leading middle-market investment bank, announced its role as financial advisor to Synecco, a medtech leader in the design, development, and contract manufacturing of advanced medical delivery systems, in the sale of its business to Arterex, a leading global device design, developer and manufacturer.

Based in Ireland, Synecco delivers design, development, and contract manufacturing for cutting-edge medical devices. With deep expertise in the structural heart space, plus injection molding and assembly capabilities, the company helps healthcare innovators bring reliable, high-performance products to market. Synecco serves both the Irish market and mainland Europe, combining engineering excellence with automated, cost efficient production to position clients at the forefront of a rapidly changing industry.

“Synecco’s capabilities in design and development, including in structural heart technologies, injection molding, and assembly expands the breadth of our product offering in Europe,” said Jeff Goble, Arterex CEO. “Synecco is a trusted partner for many leading MedTech companies, and Arterex brings increased resources to support Synneco’s accelerated growth.”

Synecco emphasizes design-led innovation and tailored manufacturing, offering end-t-oend product development from concept design through engineering, injection molding, assembly, and supply chain integration. Its highly collaborative model ensures close partnerships with clients to create user-centered devices and accelerate market launch. With more than 20 years of precision molding experience, Synecco’s manufacturing operations feature extendable cleanroom and non-cleanroom production, supported by an inhouse metrology laboratory and tool maintenance workshop to deliver quality, scalability, and reliability across every stage of device manufacturing.

“We’re excited to embark on this strategic partnership to create new opportunities,” said Synecco Managing Director Tony Doherty. “Arterex’s global resources and dedication to innovation, quality, and collaboration aligns perfectly with our vision for the future.”

About Covington Associates

Covington Associates is an investment banking firm offering advisory services in mergers and acquisitions (M&A), capital raising, and strategic advisory for middle-market companies across Healthcare, Business Services, Consumer & Industrial, and Technology sectors. Established in 1991 and headquartered in Boston, Covington has successfully completed over 350 transactions globally for private and publicly traded companies, totaling more than $30 billion.

About Synecco

Founded in 2004 and headquartered in Galway, Ireland, Synecco is a trusted medtech partner specializing in the design, development, and contract manufacturing of advanced medical devices. With extensive expertise in areas such as structural heart technologies, neonatal feeding solutions, injection molding, and assembly, Synecco provides end-to-end solutions that take products from concept to market launch. The company operates facilities in County Clare, Ireland, and maintains a global presence in China, serving both the Irish market and mainland Europe. Fully compliant with ISO 13485 and registered with the U.S. FDA, Synecco combines engineering excellence, supply chain integration, and cost-efficient manufacturing to help healthcare innovators deliver reliable, high-performance products to patients worldwide.

About Arterex

Arterex is a worldwide leader in diversified manufacturing solutions serving the medical device and life sciences sectors. Now operating from 16 state-of-the-art facilities across four continents and employing over 2,100 professionals, Arterex has delivered design, development, engineering, compounding, extrusion, injection molding, tooling and mold builds, metal processing, along with advanced assembly services for more than 25 years. Arterex is a multi-capability medical device developer & contract manufacturer resulting from the combination of Kabo, Formula Plastics, Luc & Bel, ModenPlast, NextPhase, Micromold, Phoenix, Adroit USA, Xponent Global and now Synecco. The company serves a wide range of customers, from blue chip global MedTech OEMs to leading innovators and Arterex has a global manufacturing footprint with facilities across the US, Mexico, Italy, Ireland, Egypt, and India. Additional information is available at www.arterexmedical.com.