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 Medical Products
Employees29,297
Revenue 997.3B JPY (2025)
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 endo-therapy products. Olympus was founded in 1919 and is based in Shinjuku-ku, Japan.


DEAL STATS #
Overall 6 of 15
Sector: Life Science M&A 2 of 2
Type: Divestiture M&A Deals 1 of 2
State: New Hampshire M&A 1 of 1
Country: United States M&A 3 of 6
Year: 2011 M&A 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 M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New Hampshire M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1
Size (of disclosed) 1 of 1