Stryker has completed the acquisition of Mobius Imaging and its sister company, GYS Tech, which trades as Cardan Robotics.
The acquisition was agreed in September as an all cash transaction of approximately US$370 million upfront and up to US$130 million of contingent payments associated with development and commercial milestones. In a press statement, Stryker said that the deal would give its spine division immediate entry into the intra-operative imaging segment and align with its implant and navigation offerings.
Mobius Imaging was founded in 2008, and develops point-of-care imaging technology which includes the Airo TruCT mobile CT imaging system. Cardan Robotics, founded in 2015, is working to develop robotics and navigation technology systems for surgical and interventional radiology procedures.
Spencer Stiles, Stryker’s group president, orthopaedics and spine, said: “Mobius Imaging and Cardan Robotics bring expertise in advanced imaging and robotics, as well as a robust product pipeline, that will provide Stryker the opportunity to increase its presence in orthopaedics, spine and neurotechnology.
“With this acquisition, we are positioned to make healthcare better by providing more complete procedural solutions, including sales, service, and support. We remain committed to our surgeons and helping them achieve the best possible outcomes for their patients.”