June 6, 2011- Stryker Corporation (NYSE:SYK) announced a definitive agreement to acquire privately-held Memometal Technologies S.A. (Memometal) in an all cash transaction for $150 million and up to an additional $12 million of milestone payments. France based Memometal develops, manufactures and markets products for extremity indications based on its proprietary methods for preparing and manufacturing a shape memory metal alloy. Memometal is rapidly establishing its differentiated technology in the global extremity device market with a broad range of products for the foot and ankle as well as the hand and wrist market. With sales in 2010 of roughly $30 million, Memometal's differentiated, comprehensive and proprietary product portfolio will allow Stryker to gain broader access into the fast growing extremities market... Stryker's Press Release -{...]
About Memometal Technologies
MEMOMETAL is a company based in France that designs, manufactures and markets implants consecrated to hand and foot orthopaedic surgery. As specialists in shape memory alloys, we are in total control of manufacturing procedures and thus ensure optimum monitoring of our products to achieve the best results for patient safety.
MEMOMETAL is renowned for its revolutionary products that have been adopted by some of the best world-known surgeons. The company is present in over 80% of the international market with subsidiaries in the USA, Germany and United Kingdom, together with a sales office in Switzerland and worldwide distributors. Our complete range of unique and innovative products , combined with our exceptional quality of service, provide complete satisfaction and contribute to your successful reputation... Memometal Technologies' Mission -
