M&A Deal Summary

Olympus Acquires Spirus Medical

On July 1, 2011, Olympus acquired medical products company Spirus Medical

Acquisition Highlights
  • This is Olympus’ 2nd transaction in the Medical Products sector.
  • This is Olympus’ 4th transaction in the United States.
  • This is Olympus’ 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2011-07-01
Target Spirus Medical
Sector Medical Products
Buyer(s) Olympus
Deal Type Add-on Acquisition

Target

Spirus Medical

West Bridgewater, Massachusetts, United States
website
Spirus Medical, Inc. is an endoscope insertion device manufacturer. Spirus' endoluminal platform technology utilizes a spiral element on a tubular device that produces forward motion, gathering and stabilization within anatomical lumens of the body.

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Buyer(S) 1

Buyer

Olympus

Shinjuku-ku, Japan

website

Category Company
Founded 1919
Sector Diversified
Employees35,174
Revenue 868.9B JPY (2022)
DESCRIPTION
Olympus facility in Brooklyn Park, Minnesota.
Olympus facility in Brooklyn Park, Minnesota.

Olympus is a diverse manufacturer and seller of precision electronics, machinery, and instruments. Olympus manufactures medical products including endoscopic video imaging systems, endoscopy products for gastroenterological surgery, and enndotherapy products. Olympus' scientific solutions segment manufacturers microscopes and remote visual inspection products. Finally, Olympus produces digital cameras, optical components, audio gear, and binoculars. Olympus was founded in 1919 and is based in Shinjuku-ku, Japan.

DEAL STATS #
Overall 7 of 13
Sector (Medical Products) 2 of 7
Type (Add-on Acquisition) 6 of 12
State (Massachusetts) 2 of 2
Country (United States) 4 of 5
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 Stryker Biotech - OP-1 Product Family

Lebanon, New Hampshire, United States

Stryker Biotech - OP-1 Product Family includes OP-1 Implant, OP-1 Putty, Opgenra and Osigraft, all of which are indicated for use in orthopedic bone applications.

Buy $60M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-01 ITX

Yokohama, Japan

ITX Corp. is a manufacturer of electrical equipment.

Sell -
Mergr

Product

Company

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