# Terumo acquires Essen Technology to enter drug-eluting stent market in China

Terumo Corporation has agreed to acquire Essen Technology (Beijing) Co., Ltd., a Chinese medical device company specializing in drug-eluting stents. The upfront payment is 879 million Chinese Yuan, with milestone payments based on future performance.

- Type: Acquisition
- Announced: 2018-07-24
- Where: Beijing, China, China
- Value: $129.0M (879.0M CNY)
- Status: announced
- Products: drug-eluting stents
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Terumo](https://endata.com/companies/2811.md) (acquirer)
- [Essen Technology](https://endata.com/companies/33291.md) (target)

## Sources

- [terumois.com](https://www.terumois.com/news/terumo-acquires-china-based-essen-technology-to-enter-drug-eluting-stent-market-in-china.html), 2018-07-24: "The product lineups of the two companies are highly complementary, and the importance of domestic products in China is increasing."

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