Medical Devices: the 3 most important mergers in the sector

Integral service around a transaction
BY : Diego GutiérrezOctober Mon, 2020

The market for medical devices is a mature market: the mergers and acquisitions emissions increased significantly in 2014 and indicate that they will continue to grow in 2019 and beyond. 

Baker Tilly analyses the three most important mergers in the market. But before that, the sector is explained. Medical devices refers to any instrument, apparatus, implement, machine, implant... Medical devices are essential for the safe and effective prevention, diagnosis, treatment and rehabilitation of illness and disease. 

Major mergers in the Medical Devices sector

1. Essilor and Luxottica Group 

Major mergers in the Medical Devices sector

The company Essilor is a leading French innovator and manufacturer of the world's most advanced lenses, providing products and services to meet vision needs. Essilor acquired the company Luxxottica Group owner of Ray-Ban sunglasses for the first time.  

49 billion euros. In this way, they have created a giant in the optical industry with combined sales of 15 billion euros in the first year of the merger alone. 

 Medtronic and Covidien 


The US company Medtronic a global leader in medical devices, acquired Covidiena provider of surgical and monitoring products, in a cash and stock transaction valued at $42.9 million. This gives Medtronic a more complete product portfolio, a diversified growth profile and broad geographic reach in more than 150 countries. 

 3. Stryker and Sage Products 


Stryker Corporation is a US multinational medical technology company: implants, surgical equipment and surgical navigation systems, as well as other medical device products used in a variety of medical specialties. Stryker Corporation acquired Sage Products, for USD 2.775 billion. 

Sage Products   develops, manufactures and distributes disposable products aimed at reducing adverse events, primarily in the intensive care unit and in the medical or surgical hospital unit environment. The acquisition is made to offer products and services that support a prevention mindset, specifically in the area of never events (hospital-acquired infections). 

The M&A Professionals

Meet our services



Do you want to be up to date?


Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?