M&A Deal Summary

Medtronic Acquires Klue

On December 17, 2019, Medtronic acquired software company Klue

Acquisition Highlights
  • This is Medtronic’s 1st transaction in the Software sector.
  • This is Medtronic’s 2nd transaction in Canada.
  • This is Medtronic’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2019-12-17
Target Klue
Sector Software
Buyer(s) Medtronic
Deal Type Add-on Acquisition

Target

Klue

Vancouver, British Columbia, Canada
Klue, Inc. is a software company focused on behavior tracking that can provide real-time insights into when a person is consuming food. Initially focused on the ability to detect when and how a user eats and drinks, Klue is building a platform that elevates the more important consumption patterns and acts “in-the-moment” when the impact is the biggest.

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Buyer(S) 1

Buyer

Medtronic

Dublin, Ireland
Category Company
Founded 1949
Sector Medical Products
Employees95,000
Revenue 32.4B USD (2024)
DESCRIPTION
Medtronic's operational headquarters in Fridley, Minnesota.
Medtronic's operational headquarters in Fridley, Minnesota.

Medtronic is a global medical technology company whose products aim to alleviate pain, restore health, and extend life. It serves hospitals, physicians, clinicians, and patients in approximately 160 countries worldwide. Medtronic was founded in 1949 and is based in Dublin, Ireland with its operational headquarters in Fridley, Minnesota.

DEAL STATS #
Overall 52 of 59
Sector (Software) 1 of 1
Type (Add-on Acquisition) 50 of 57
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 Osteotech

Eatontown, New Jersey, United States

Osteotech, Inc. is a provider of biologic solutions for regenerative medicine to support surgeons and their patients in the repair of the musculoskeletal system through the development of innovative therapy-driven products that alleviate pain, promote biologic healing and restore function. Osteotech was formed in 1986 and is based in Eatontown, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Stimgenics

Bloomington, Illinois, United States

Stimgenics LLC is a privately-held company that has pioneered a novel spinal cord stimulation (SCS) waveform known as Differential Target Multiplexed (DTM™) Spinal Cord Stimulation. The therapy, which is delivered via the Medtronic Intellis™ platform, is a new and unique programming option to treat patients with chronic pain.

Buy -
Mergr

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