Stryker Corporation acquires Berchtold
Stryker Corporation (NYSE: SYK), one of the world's leading medical technology companies, agreed to acquire Berchtold Holding AG for an enterprise value of USD 172 million. Berchtold is a privately held company selling world-class surgical infrastructure equipment. The transaction is subject to customary closing conditions, including the expiration or termination of the Hart-Scott-Rodino Antitrust Improvements Act waiting period, and expected to close in the second quarter of 2014.
Lenz & Staehelin acts as Swiss counsel to Stryker Corporation. The team included Tino Gaberthüel (Partner / M&A) and Dominik Kaczmarczyk (Associate / M&A).