# 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.

- Type: Acquisition
- Announced: 2020-12-07
- Where: United States
- Value: $340.0M
- Status: announced
- Products: bronchoscopy systems, electromagnetic navigation systems, respiratory devices
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Olympus Corporation of the Americas](https://endata.com/companies/23901.md) (acquirer)
- [Olympus](https://endata.com/companies/30528.md) (acquirer)
- [Veran Medical Technologies, Inc.](https://endata.com/companies/46504.md) (target)

## Sources

- [medicaldevice-network.com](https://www.medicaldevice-network.com/news/olympus-to-acquire-veran/), 2020-12-07: "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."
- [nsmedicaldevices.com](https://www.nsmedicaldevices.com/deals/olympus-acquires-vmt/), 2021-01-04: "We are very excited about the synergies this acquisition creates."

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