◂ Announcements

Dec 7, 2020ACQUISITIONUnited States

Olympus to acquire Veran Medical Technologies for up to $340M

Olympus signed an agreement to acquire Veran Medical Technologies (VMT) through its subsidiary Olympus Corporation of the Americas for up to $340 million. The deal aims to strengthen Olympus' respiratory device portfolio by combining its endoscope technologies with VMT's electromagnetic navigation system for lung cancer diagnosis.

Value

$340.0M

Status

Announced

Productsbronchoscopy systemselectromagnetic navigation systemsrespiratory devices

CompaniesOlympus Corporation of the Americas acquirer Olympus acquirer Veran Medical Technologies, Inc. target

Sectors#Medical Devices

“We are very excited about acquiring VMT because its portfolio of devices will complement our product portfolio and further strengthen our position in respiratory medical devices.”medicaldevice-network.com

2 sources
medicaldevice-network.comOlympus to acquire Veran Medical Technologies for $340mVishnu Priya NDec 7, 2020
nsmedicaldevices.comOlympus acquires pulmonology devices company VMTVidyasagar MJan 4, 2021

Summarized from public sources; check the original articles before acting on it.

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