Colfax to acquire DJO Global for $3.15B — 5 insights

Written by Jackie Drees | November 20, 2018 | Print  |

Industrial technology company Colfax will acquire orthopedic surgical device company DJO Global for $3.15 billion.

Here are five insights:

1. Colfax provides air and gas handling and fabrication technology, products and services to customers on a global scale.

2. Colfax President and CEO Matt Trerotola said the company sees a longterm opportunity to build its new medical technology platform by acquiring DJO.

3. The transaction is expected to close in the first quarter of 2019.

4. Upon closing of the deal, DJO Global will operate as a new segment within Colfax that will be led by DJO President and CEO Brad Shirley.

5. DJO has approximately 5,000 employees at 18 locations around the world. The company's revenue for the 12-month period ending September 2018 was $1.2 billion, and adjusted EBITDA was $269 million.

More articles on devices and implants:
Mazor shareholders approve $1.6B Medtronic transaction: 4 key points
Medtronic's Q2 revenue jumps 6.1%, but spine revenue is flat: 6 things to know
ChoiceSpine acquired by investment firm with 2 other medical device companies: 4 notes

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