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Sunday, 10 December 2017 21:56

MiBiz Growth Report: December 11, 2017

Here is the MiBiz Growth Report for Dec. 11, 2017.

Published in In the News

KALAMAZOO — The early success for Stryker Corp.’s surgical robot that’s now used in total knee replacement surgeries reflects a growing acceptance of the technology.

Published in Health Biz
Sunday, 29 October 2017 12:57

MiBiz Growth Report: Oct. 30, 2017

Here is the MiBiz Growth Report for Oct. 30, 2017:

• M&A: Stryker Corp. acquired a majority interest in French medical device company Vexim SA and plans to make a tender offer to buy out its remaining shareholders. The Kalamazoo-based Stryker (NYSE: SYK) acquired 50.7 percent of shares and 50.3 percent of voting rights to Vexim, based in Balma, near Toulouse, France. Stryker paid 20 euros per share to funds managed by Truffle Capital, Bpifrance and Kreaxi, as well as Vexim managers. Vexim said the acquisition of the majority stake by Stryker has an equity value of 183 million euros, which equates to about $216 million. Vexim specializes in devices for minimally invasive procedures to treat traumatic spinal pathologies.

Published in In the News

Stryker Corp. reported revenues of $3 billion for the third quarter, a 6.1-percent increase from the same period a year earlier.

Published in In the News

KALAMAZOO — After two years of looking for manufacturing companies to buy, Dave Kersjes and Steve Remstad found an opportunity in FlowTech Inc., a small producer of fluid and air filtration products.

Published in Manufacturing

Stryker Corp. raised sales and earnings expectation for 2017 after recording a strong second quarter.

Published in In the News

West Michigan manufacturers continue to take a steady yet conservative approach to research and development spending.

Published in Manufacturing

KALAMAZOO — Stryker Corp. is due $248.7 million from rival Zimmer Biomet Holdings Inc. in a seven-year-old federal lawsuit over patent infringement.

Published in In the News
Sunday, 25 June 2017 20:33

MiBiz Growth Report: June 26, 2017

Here is the MiBiz Growth Report for June 26, 2017:

Published in In the News

GE Additive, a business unit of global conglomerate General Electric Corp., will partner with Kalamazoo-based Stryker Corp. to grow Stryker’s additive manufacturing capabilities.

Published in In the News
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