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Stryker Announces Intent To Acquire Serf Sas, Enhancing Its Global Joint Replacement Leadership

Dec 18, 2023•almost 2 years ago

Acquiring Company

Stryker

Acquired Company

SERF SAS

KalamazooDécines-CharpieuHealth CareManufacturing

Description

Stryker (NYSE: SYK), one of the world's leading medical technology companies, announced today that it has executed a binding offer to Menix to acquire SERF SAS, a France-based joint replacement company.

Company Information

Company

Stryker

Location

Kalamazoo, Michigan, United States

About

Stryker is a global leader in medical technologies and, together with our customers, we are driven to make healthcare better. We offer innovative products and services in MedSurg, Neurotechnology and Orthopaedics that help improve patient and healthcare outcomes. Alongside our customers around the world, we impact more than 150 million patients annually.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed