M&A Deal Summary

Artivion Acquires JOTEC

On October 10, 2017, Artivion acquired medical products company JOTEC for 225M USD

Acquisition Highlights
  • This is Artivion’s 6th transaction in the Medical Products sector.
  • This is Artivion’s largest (disclosed) transaction.
  • This is Artivion’s 1st transaction in Germany.

M&A Deal Summary

Date 2017-10-10
Target JOTEC
Sector Medical Products
Buyer(s) Artivion
Deal Type Add-on Acquisition
Deal Value 225M USD
Advisor(s) Walder Wyss (Legal)

Target

JOTEC

Hechingen, Germany
JOTEC GmbH is a developer, producer, and marketer of medical devices for aortic and peripheral vascular disease. JOTEC GmbH was founded in 2000 and is headquartered in Hechingen, Germany.

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Buyer(S) 1

Buyer

Artivion

Kennesaw, Georgia, United States

Category Company
Founded 1984
Sector Medical Products
Employees1,500
Revenue 354M USD (2023)
DESCRIPTION

Artivion is a manufacturer, processor, and distributor of implantable living tissues and medical devices used in cardiac and vascular surgical procedures. Artivion was incorporated in 1984 and is based in Kennesaw, Georgia.


DEAL STATS #
Overall 6 of 8
Sector (Medical Products) 6 of 8
Type (Add-on Acquisition) 4 of 6
Country (Germany) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-18 ProCol Vascular Bioprosthesis

United States

ProCol Vascular Bioprosthesis is a natural biological graft derived from a bovine mesenteric vein that provides vascular access for end-stage renal disease ("ESRD") hemodialysis patients. It is intended for the creation of a bridge graft for vascular access subsequent to at least one previously failed prosthetic access graft.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-11 Endospan

Herzlia, Israel

Endospan Ltd. is a pioneer in the endovascular repair of Aortic Arch Disease including aneurysms and dissections. Endospan has received CE-Mark to commercialize in Europe the NEXUS™ Stent Graft System, the first endovascular off-the shelf system to treat Aortic Arch Disease which affects a greatly underserved group of patients diagnosed with a dilative lesion in, or near, the aortic arch. While minimally invasive endovascular repair has been the standard of care for Abdominal Aortic Aneurysm (AAA), Aortic Arch Disease patients with aneurysms or dissections have not been as fortunate and have had little choice but to undergo open-chest surgery with its invasiveness and risks, lengthy hospitalization periods, and prolonged recuperation.

Buy -