Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
April 21, 2016

M&A this week: Gyros, Auris Surgical Robotics

Gyros Protein Technologies, a company based in Sweden, has announced an agreement to merge with US-based company Protein Technologies, Inc.

Gyros Protein Technologies, a company based in Sweden, has announced an agreement to merge with US-based company Protein Technologies, Inc.

Gyros provides automated micro-immunoassays for the development of therapeutic proteins, whereas Protein Technologies produces peptide synthesis instrumentation and reagents.

"The merger will result in a new company called Gyros Protein Technologies AB, which will be able to grow faster in the areas the two companies are engaged in."

The merger will result in a new company called Gyros Protein Technologies AB, which will be able to grow faster in the areas the two companies are engaged in.

Auris Surgical Robotics has agreed to acquire Hansen Medical, Inc., for $80m in a cash transaction that will involve the purchase of the latter’s shares at a price of $4 per share.

The offer price represents a premium of approximately 39.9% over Hansen Medical’s closing price on NASDAQ on 19 April.

The target company is engaged in the design and manufacture of medical robotics for positioning and control of catheter-based technologies. Auris Surgical Robotics provides robotics technology for medical applications.

Content from our partners
Why this global life sciences COO believes relocation to Charleston, SC, was key to achieving next-level success
“This technique means everything to us”: How CGM devices empower users 
Ensuring quality and supply chain visibility for medical device components

The takeover, which is expected to be completed in mid-2016, is expected to enhance the acquirer’s position in the robotics market.

Both companies involved in the transaction are based in the US.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The medical device industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU