M&A Deal Summary

Olympus Acquires Stryker Biotech - OP-1 Product Family

On February 1, 2011, Olympus acquired life science company Stryker Biotech - OP-1 Product Family from Stryker Biotech for 60M USD

Acquisition Highlights
  • This is Olympus’ 2nd transaction in the Life Science sector.
  • This is Olympus’ 2nd largest (disclosed) transaction.
  • This is Olympus’ 3rd transaction in the United States.
  • This is Olympus’ 1st transaction in New Hampshire.

M&A Deal Summary
Date 2011-02-01
Target Stryker Biotech - OP-1 Product Family
Sector Life Science
Buyer(s) Olympus
Sellers(s) Stryker Biotech
Deal Type Divestiture
Deal Value 60M USD

Target

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.

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Buyer(S) 1

Buyer

Olympus

Shinjuku-ku, Japan
Category Company
Founded 1919
Sector Diversified
Employees28,838
Revenue 936.2B JPY (2024)
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 enndo therapy products. Olympus was founded in 1919 and is based in Shinjuku-ku, Japan.

DEAL STATS #
Overall 6 of 14
Sector (Life Science) 2 of 2
Type (Divestiture) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 3 of 5
Year (2011) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-02 Innov-X Systems

Woburn, Massachusetts, United States

Innov-X Systems provides elemental analyzers for the industrial, transportation, security, and energy end-markets worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Spirus Medical

West Bridgewater, Massachusetts, United States

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.

Buy -

Seller(S) 1

SELLER

Stryker Biotech

Hopkinton, Massachusetts, United States
Category Company
Founded 2003
Sector Life Science
DESCRIPTION

Stryker Biotech, LLC develops orthobiologic products for bone repair.

DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
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