Add-on Acquisition • Medical Products

St. Jude Medical Acquires Pacesetter

On June 28, 1994, St. Jude Medical acquired medical products company Pacesetter from Siemens for 525M USD

Acquisition Context
  • This is St. Jude Medical’s 1st transaction in the Medical Products sector.
  • This is St. Jude Medical’s 4th largest (disclosed) transaction.
  • This is St. Jude Medical’s 1st transaction in the United States.
  • This is St. Jude Medical’s 1st transaction in California.

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M&A Deal Summary

Date June 28, 1994
Target Pacesetter
Sector Medical Products
Buyer(s) St. Jude Medical
Sellers(s) Siemens
Deal Type Add-on Acquisition
Deal Value 525M USD

Target Company

Pacesetter

Sylmar, California, United States
Pacesetter, Inc. develops and manufactures cardiovascular and implantable neurostimulation medical devices.
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Buyer Overview 1

Buyer

St. Jude Medical

Saint Paul, Minnesota, United States

Category Company
Founded 1976
Sector Medical Products
Employees18,000
Revenue 5.5B USD (2016)
DESCRIPTION
Entrance to St. Jude Medical's corporate headquarters in St. Paul, Minnesota.
Entrance to St. Jude Medical's corporate headquarters in St. Paul, Minnesota.

St. Jude Medical, Inc. is a medical device manufacturer dedicated to transforming the treatment of most expensive, epidemic diseases. St. Jude Medical five major areas of focus that include heart failure, atrial fibrillation, neuromodulation, traditional cardiac rhythm management and cardiovascular. St. Jude Medical was formed in 1976 and is based in St. Paul, Minnesota.


Deal Context for Buyer #
Overall 1 of 18
Sector: Medical Products 1 of 17
Type: Add-on Acquisition 1 of 17
State: California 1 of 7
Country: United States 1 of 15
Year: 1994 1 of 1
Size (of disclosed) 4 of 14
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-10-24 Ventritex

Sunnyvale, California, United States

Ventritex, Inc. is engaged in the design, development, manufacture, and sale of implantable defibrillators and related products for the treatment of ventricular tachycardia and ventricular fibrillation.

Buy $365M

Seller Profile 1

SELLER

Siemens

Munich, Germany

Category Company
Founded 1847
Sector Diversified
Employees320,000
Revenue 75.9B EUR (2024)
DESCRIPTION
Siemens office building in St. Louis, Missouri.
Siemens office building in St. Louis, Missouri.

Siemens is a global engineering and electronics conglomerate company headquartered in Munich. Siemens serves a variety of customers and is organized in in four main divisions: Industry, Energy, Healthcare, and Infrastructure & Cities. Siemens was founded in 1847 and is based in Munich, Germany.


Deal Context for Seller #
Overall 1 of 27
Sector: Medical Products 1 of 1
Type: Add-on Acquisition 1 of 2
State: California 1 of 1
Country: United States 1 of 7
Year: 1994 1 of 1
Size (of disclosed) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1992-01-01 Maschinenbau Kiel-Locomotive

Kiel, Germany

Maschinenbau Kiel-Locomotive designs , manufactures engine services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Maschinenbau Kiel-Locomotive

Kiel, Germany

Maschinenbau Kiel-Locomotive designs , manufactures engine services.

Sell -