# Novanta to acquire World of Medicine for €115 million

Novanta Inc. agreed to acquire World of Medicine GmbH for €115 million in cash, a supplier of medical insufflators, pumps, and disposables for minimally invasive surgery.

- Type: Acquisition
- Announced: 2017-06-05
- Where: Berlin, Germany
- Value: $129.0M (115.0M EUR)
- Status: announced
- Products: medical insufflators, pumps, related disposables
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Novanta](https://endata.com/companies/24684.md) (acquirer)
- [World of Medicine](https://endata.com/companies/24685.md) (target)

## Sources

- [investors.novanta.com](https://investors.novanta.com/news/news-details/2017/Novanta-to-Acquire-World-of-Medicine-for-115-Million-in-Cash/default.aspx), 2017-06-05: "Our agreement to acquire World of Medicine represents another milestone in Novanta's strategy to broaden and deepen our medical end market presence."
- [biospace.com](https://www.biospace.com/novanta-announces-closing-of-b-world-of-medicine-b-acquisition), 2017-07-06: "We are very excited about the acquisition of World of Medicine, which accelerates our strategy of increased presence in medical end markets."

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