Stryker subsidiary completes $52M acquisition of sterilization technology company

Written by Alan Condon | November 27, 2019 | Print  |

A Stryker subsidiary recently acquired low-temperature sterilization technology company TSO3, reports Cleanroom Technology.

Three things to know:

1. The $52 million acquisition includes all the issued and outstanding common shares of the company, including existing indebtedness.

2. TSO3 President and CEO Ric Rumble said the deal will provide the Quebec City, Canada-based company with the resources to achieve its full potential.

3. Stryker acquired Mobius Imaging and its sister company Cardan Robotics for $500 million in October and OrthoSpace for $110 million in March.

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