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Medtronic buys Invatec for $350mm, plus earn-outs
29 Jan 2010
Executive Summary
Medtronic has agreed to acquire closely held European interventional cardio device developer Invatec and its affiliates Fogazzi (provides Invatec with polymer technology) and Krauth Cardiovascular (Invatec's German distributor) for $350mm. It will also provide earn-outs of up to $150mm if certain milestones are reached.
Deal Industry
- Medical Devices
-
Medical Devices
- Implantable Devices
-
Surgical Equipment & Devices
- Minimally or Less Invasive
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Includes Earnout
- Payment Includes Cash
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