Tuesday December 1, 2020

US-based Molex buys ProTek for €25m

23rd May, 2015

Molex, a multinational electronics maker which is owned by Koch Industries, the US’s second largest private company, has acquired a Sligo contract engineering design and manufacturing firm for an estimated €25 million.

Sligo-based ProTek Medical, which has 100 staff, was co-founded in 1995 by Frank Boyle, its managing director, and Donagh Connolly, its engineering director.

Boyle is the largest shareholder in the company, with other smaller shareholders including Connolly, Texas-based Pat Fell and Skye Villa...

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