Medical technologies firm Stryker Corporation has announced it is purchasing German company Berchtold Holding AG for $172 million.
Medical technologies firm Stryker Corporation has announced it is purchasing German company Berchtold Holding AG for $172 million, reports Qmed.
Berchtold is a privately held business with operating facilities in Germany and the US, a presence in more than 120 other countries and sales in 2013 of approximately $125 million. It sells surgical infrastructure equipment such as surgical tables, equipment booms and surgical lighting systems geared towards maximising efficiency and safety in operating rooms and ICUs.
"We are committed to offering innovative, best-in-class operating room infrastructure equipment," said Timothy J. Scannell, group president, Stryker 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."
This acquisition, which is expected to close in Q2 2014, builds on Stryker’s string of recent purchases in the operating room space, which include Patient Safety Technologies, Mako Surgical and Trauson Holdings.
Yahoo Finance says: "The transaction is subject to customary closing conditions including the expiration or termination of the Hart-Scott-Rodino Antitrust Improvements Act waiting period. Upon closing, the transaction is expected to be neutral to Stryker`s 2014 earnings per share excluding acquisition, integration-related and intangible amortisation charges."