Displaying items by tag: Stryker Corp
Stryker Corp. signed a deal to pay $1.4 billion to acquire Leesburg, Va.-based K2M Group Holdings Inc., a maker of spinal devices.
Before Landscape Forms Inc. acquired Kornegay Design last year, the Kalamazoo-based designer and manufacturer of site furniture, accessories and lighting mulled several acquisition targets that shared its design culture and core beliefs.
KALAMAZOO — The public’s view of the Kalamazoo Nature Center is one of beautifully preserved nature trails, numerous wildlife habitats, and a safe haven within the urban areas surrounding it.
KALAMAZOO — The early success for Stryker Corp.’s surgical robot that’s now used in total knee replacement surgeries reflects a growing acceptance of the technology.
Here is the MiBiz Growth Report for Oct. 30, 2017:
• M&A: Stryker Corp. acquired a majority interest in French medical device company Vexim SA and plans to make a tender offer to buy out its remaining shareholders. The Kalamazoo-based Stryker (NYSE: SYK) acquired 50.7 percent of shares and 50.3 percent of voting rights to Vexim, based in Balma, near Toulouse, France. Stryker paid 20 euros per share to funds managed by Truffle Capital, Bpifrance and Kreaxi, as well as Vexim managers. Vexim said the acquisition of the majority stake by Stryker has an equity value of 183 million euros, which equates to about $216 million. Vexim specializes in devices for minimally invasive procedures to treat traumatic spinal pathologies.
Stryker Corp. reported revenues of $3 billion for the third quarter, a 6.1-percent increase from the same period a year earlier.
KALAMAZOO — After two years of looking for manufacturing companies to buy, Dave Kersjes and Steve Remstad found an opportunity in FlowTech Inc., a small producer of fluid and air filtration products.