M&A Deal Summary

Enovis Acquires Novastep

On April 3, 2023, Enovis acquired medical products company Novastep from Amplitude Surgical

Acquisition Highlights
  • This is Enovis’ 3rd transaction in the Medical Products sector.
  • This is Enovis’ 4th transaction in the United States.
  • This is Enovis’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2023-04-03
Target Novastep
Sector Medical Products
Buyer(s) Enovis
Sellers(s) Amplitude Surgical
Deal Type Divestiture

Target

Novastep

Englewood Cliffs, New Jersey, United States
Novastep is a provider of designing, developing, and commercializing products to treat conditions that affect the bones, joints, and soft tissues of the foot and ankle. Novastep was founded in 2015 and is based in Englewood Cliffs, New Jersey.

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Buyer(S) 1

Buyer

Enovis

Wilmington, Delaware, United States
Category Company
Founded 1995
Sector Manufacturing
Employees6,550
Revenue 1.7B USD (2023)
DESCRIPTION

Enovis is a diversified manufacturing and engineering company that provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers around the world under the Howden, Enovis Fluid Handling and ESAB brands. Enovis was incorporated in 1995 and is based in Wilmington, Delaware.

DEAL STATS #
Overall 9 of 11
Sector (Medical Products) 3 of 4
Type (Divestiture) 3 of 3
State (New Jersey) 1 of 1
Country (United States) 4 of 5
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Mathys

Bettlach, Switzerland

Mathys is specialized in the development, manufacture, and sale of products for joint replacement. Mathys's services include implants for the hip, knee, and shoulder as well as synthetic bone substitute material. Mathys was founded in 1946 and is based in Bettlach, Switzerland.

Buy $285M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-09 DNE SEAL

Boca Raton, Florida, United States

DNE SEAL is specializes in foot & ankle external fixation. Their systems have been used to treat deformities and fractures and perform fusions. DNE SEAL is based in Boca Raton, Florida.

Buy -

Seller(S) 1

SELLER

Amplitude Surgical

Valence, France
Category Company
Founded 1997
Sector Medical Products
Employees416
Revenue 100M EUR (2023)
DESCRIPTION

Amplitude Surgical is a designer, developer and marketer of orthopedic implants for hips and knees. Amplitude Surgical was founded in 1997 and is based in Valence, France.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-28 Continuum Electro-Optics

San Jose, California, United States

Continuum Electro-Optics, Inc. offers high-energy, solid-state lasers and ultrafast lasers used in scientific, industrial and commercial applications such as spectroscopy, materials analysis and diagnostics.

Buy -
Mergr

Product

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