Device household name Stryker spreads its wings far beyond Orthopaedics these days, as evidenced with its newly announced acquisition of German surgical equipment maker 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 what it describes as “world-class surgical infrastructure” and has been providing customer-centric healthcare equipment for over 90 years. With 2013 sales of approximately $125 million, Berchtold’s product portfolio includes surgical tables, equipment booms, and surgical lighting systems geared towards maximizing efficiency and safety in operating rooms and ICUs.
Stryker Endoscopy will be hoping that by combining these complementary solutions with its own existing operating room equipment portfolio, it is creating a world-beating offering.
The transaction is expected to close in the second quarter of 2014.
“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.”
Source: Stryker Corporation