M&A Deal Summary

Avanos Acquires Diros Technology

On June 19, 2023, Avanos acquired semiconductors company Diros Technology

Acquisition Highlights
  • This is Avanos’ 1st transaction in the Semiconductors sector.
  • This is Avanos’ 1st transaction in Canada.
  • This is Avanos’ 1st transaction in Ontario.

M&A Deal Summary

Date 2023-06-19
Target Diros Technology
Sector Semiconductors
Buyer(s) Avanos
Deal Type Add-on Acquisition

Target

Diros Technology

Toronto, Ontario, Canada
Diros Technology is a manufacturer of innovative radiofrequency (RF) products used to treat chronic pain conditions. Diros develops and markets a portfolio of products including RF generators, cannulae and unique tined probe technology marketed under the Trident™ brand. Diros Technology is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Avanos

Alpharetta, Georgia, United States

Category Company
Founded 2014
Sector Medical Products
Employees2,227
Revenue 688M USD (2024)
DESCRIPTION

Avanos is a medical technology company that provides healthcare solutions focused on preventing infection, eliminating pain and speeding recovery. Avanos was founded in 2014 and is based in Alpharetta, Georgia.


DEAL STATS #
Overall 4 of 5
Sector: Semiconductors M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 5
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-08 Avanos Medical - Respiratory Health Business

Alpharetta, Georgia, United States

Avanos Medical's Respiratory Health Business provides BALLARD*, MICROCUFF*, and endOclear® brands including closed suction catheters, endotracheal tubes, and oral care solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-31 Avanos Medical - Hyaluronic Acid Product Line

Alpharetta, Georgia, United States

Avanos Medical's Hyaluronic Acid Product Line includes the TriVisc and GenVisc 850 injection products, which are indicated for the treatment of osteoarthritis pain in the knee. Avanos Medical's Hyaluronic Acid Product Line is based in Alpharetta, Georgia.

Sell -