# Stryker to acquire TSO3 for $68.4M enterprise value

Stryker, through a subsidiary, will acquire TSO3, a medical device sterilization technology company, for $0.43 per share in cash. The total enterprise value is approximately $68.4 million (US$51.7 million).

- Type: Acquisition
- Announced: 2019-08-12
- Where: Quebec City, Canada
- Value: $51.7M (68.4M CAD)
- Status: announced
- Products: sterilization technology for medical devices
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Stryker](https://endata.com/companies/15355.md) (acquirer)
- [TSO3 Inc.](https://endata.com/companies/33473.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/tso3-inc-enters-into-agreement-to-be-acquired-by-stryker-corporation-300899949.html), 2019-08-12: "TSO3's board of directors and management believe that this transaction provides the best liquidity opportunity for shareholders."
- [medtechdive.com](https://www.medtechdive.com/news/stryker-acquires-maker-of-device-sterilization-systems/560782/), 2019-08-13: "TSO3, maker of sterilization products used in hospital settings, said Monday it has agreed to be acquired by Stryker for $51.7 million, including existing debt."
- [newswire.ca](https://www.newswire.ca/news-releases/tso3-inc-shareholders-approve-plan-of-arrangement-with-stryker-820971445.html), 2019-09-23: "TSO3 Inc. is pleased to announce that its shareholders have approved the previously-announced statutory plan of arrangement...pursuant to which a wholly-owned subsidiary of Stryker Corporation will acquire all of the issued and outstanding common shares of the Company"
- [newswire.ca](https://www.newswire.ca/fr/news-releases/tso3-inc-announces-receipt-of-final-court-approval-for-plan-of-arrangement-with-stryker-878655782.html), 2019-09-26: "The Superior Court of Québec issued a final order approving the previously-announced statutory plan of arrangement."

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