# Medtronic to invest $40M in Mazor Robotics, assumes exclusive global spine distribution

Mazor Robotics and Medtronic amended their strategic partnership, with Medtronic assuming exclusive worldwide distribution of the Mazor X system and making a $40 million third tranche investment in Mazor. Approximately 30 Mazor sales members are expected to join Medtronic.

- Type: Partnership
- Announced: 2017-08-30
- Where: Caesarea, Israel, Israel
- Value: $40.0M
- Status: announced
- Products: Mazor X Surgical Assurance Platform, surgical guidance systems
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

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

## Sources

- [orthospinenews.com](https://orthospinenews.com/2017/08/30/mazor-robotics-and-medtronic-enter-next-phase-of-strategic-partnership-medtronic-to-make-a-40-million-third-tranche-investment-in-mazor/), 2017-08-30: "Medtronic will invest $40 million in Mazor Robotics’ American Depository Shares (ADS) at a price of $38.46 per ADS."

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