Stryker Announces Definitive Agreement to Acquire Berchtold
Kalamazoo, MI - Stryker Corporation announced today a definitive agreement to acquire Berchtold Holding, AG for an enterprise value of $172 million. Berchtold, a privately held business with operating facilities in Germany and the United States, sells world-class surgical infrastructure equipment.
Berchtold has been providing customer-centric healthcare equipment for over 90 years with sales in 2013 of approximately $125 million. Their product portfolio includes surgical tables, equipment booms, and surgical lighting systems geared towards maximizing efficiency and safety in operating rooms and ICUs. According to Stryker, combining these complementary solutions with Stryker Endoscopy's existing operating room equipment portfolio will create a comprehensive, quality-focused offering equipped to satisfy a wide range of customer needs around the globe.
"We are committed to offering innovative, best-in-class operating room infrastructure equipment," said Timothy J. Scannell, Group President, MedSurg and Neurotechnology. "This acquisition delivers on that commitment by strengthening our portfolio and allowing us to address rapidly evolving customer requirements for operating room design." Continue>
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Posted in: Smart Moves | June 18, 2013
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