KALAMAZOO, MI — Stryker Corp. has a definitive agreement to buy German surgical room equipment maker Berchtold Holding AG for $172 million.Berchtold is a maker of surgical infrastructure equipment. That includes surgical tables, equipment booms and surgical lighting systems used in operating rooms and intensive care units.
“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,” Stryker stated in a press release.
Berchtold is a privately held business has facilities in Germany and the United States and has been marketing healthcare equipment for more than 90 years. According to information provided by Stryker, Berchtold has 2013 sales of approximately $125 million.
“We are committed to offering innovative, best-in-class operating room infrastructure equipment,” Timothy J. Scannell, of Stryker, said in a press release. “This acquisition delivers on that commitment by strengthening our portfolio and allowing us to address rapidly evolving customer requirements for operating room design.”Scannell is group president of MedSurg and Neurotechnology for Stryker.
According to Stryker, the transaction is subject to customary closing conditions and is expected to close in the second quarter of 2014.
Stryker is a worldwide maker and marketer of medical products and technologies, including surgical tools, hospital beds, orthopedic implants (such as replacement hips and joints, neurotechnology and spine products.