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KARL STORZ SE & Co. KG announces non-binding acquisition proposal and exclusivity arrangement with Asensus Surgical, Inc.

Apr 03, 2024

Acquiring Company

KARL STORZ

Acquired Company

Asensus Surgical

Baden-WürttembergDurhamInformation TechnologyBiotechnologyHealth CareMedicalMedical DeviceBiotechnologyHealth CareMedicalMedical Device

Description

Asensus Surgical, Inc. has entered into a non-binding acquisition proposal and exclusivity arrangement with KARL STORZ SE & Co. KG. The proposal includes KARL STORZ’ intention to acquire 100% of the issued and outstanding shares of Asensus Surgical, Inc. This strategic move reflects Asensus Surgical's consideration of various alternatives and KARL STORZ’s commitment to diligence and negotiation in finalizing the potential transaction.

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Company Information

Company

KARL STORZ

Location

Baden-Württemberg, Germany

About

KARL STORZ is a leading family-owned medical technology company focused on endoscopic technology and imaging solutions across various surgical specialties. The company is dedicated to bringing innovative products to the global market with a focus on precision craftsmanship and clinical effectiveness.

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Frequently asked

Who acquired Asensus Surgical?

Asensus Surgical was acquired by KARL STORZ, based in Baden-Württemberg. The deal was reported on April 3, 2024. KARL STORZ is a leading family-owned medical technology company focused on endoscopic technology and imaging solutions across various surgical specialties. KARL STORZ is privately held and operates in Information Technology.

When did KARL STORZ acquire Asensus Surgical?

KARL STORZ's acquisition of Asensus Surgical was reported on April 3, 2024. Asensus Surgical, Inc. has entered into a non-binding acquisition proposal and exclusivity arrangement with KARL STORZ SE & Co. KG. The proposal includes KARL STORZ’ intention to acquire 100% of the issued and outstanding shares of Asensus Surgical, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Asensus Surgical do?

Asensus Surgical, Inc. is a medical device company focused on digitizing the interface between the surgeon and the patient. It is privately held, operating in Biotechnology, and is based in Durham.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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