# Medtronic to acquire Mazor Robotics for $1.64 billion

Medtronic plc entered into a definitive merger agreement to acquire all outstanding shares of Mazor Robotics for approximately $1.64 billion, or $1.34 billion net of Medtronic's existing stake and cash acquired.

- Type: Acquisition
- Announced: 2018-09-20
- Where: Caesarea, Israel
- Value: $1.64B
- Status: announced
- Products: robotic guidance systems for spine surgery, Mazor X, Renaissance Surgical-Guidance System
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Medtronic plc](https://endata.com/companies/19071.md) (acquirer)
- [Mazor Robotics](https://endata.com/companies/19072.md) (target)

## Sources

- [news.medtronic.com](https://news.medtronic.com/2018-09-20-Medtronic-to-Acquire-Mazor-Robotics), 2018-09-20: "We believe robotic-assisted procedures are the future of spine surgery, enhancing surgeons' abilities to perform complex procedures with greater precision, consistency and control."
- [orthoworld.com](https://www.orthoworld.com/medtronic-to-acquire-mazor-robotics/), 2018-09-21: "Medtronic (MDT) entered into a definitive agreement to acquire Mazor Robotics for US $1.64BB in cash in a transaction that is slated to close in January 2019."
- [therobotreport.com](https://www.therobotreport.com/medtronic-buying-mazor-robotics-for-1-6b/), 2018-09-21: "Medtronic is all-in on surgical robotics after inking a deal to buy Mazor Robotics for more than $1.6 billion in cash."
- [beckersspine.com](https://www.beckersspine.com/spinal-tech/medtronic-globus-medical-more-9-device-company-mergers-acquisitions-and-agreements/), 2018-10-08: "After beginning its strategic and equity investment in Mazor Robotics two years ago, Medtronic has begun the process of fully acquiring the spinal robotics company."
- [idataresearch.com](https://idataresearch.com/medtronic-to-acquire-mazor-robotics/), 2018-10-18: "We believe robotic-assisted procedures are the future of spine surgery, enhancing surgeons' abilities to perform complex procedures with greater precision, consistency and control."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.