Avalon Advises Surgical Navigation Software Company on Sale to Stryker
October 27, 2013
Avalon Capital is pleased to announce that Stryker, has acquired ActiViews, a privately held Israeli medical device company. Avalon Capital acted as the financial advisor for ActiViews for the transaction. ActiViews is a developer of innovative image guided surgical navigation tools. Stryker is one of the world's leading medical technology companies and is dedicated to helping healthcare professionals perform their jobs more efficiently while enhancing patient care. The acquisition will combine ActiViews’ high tech product line of surgical tools with Stryker’s leading line of medical devices and equipment, to create an enhanced portfolio of products for image guided surgery. ActiViews looked to Avalon Capital's cross border transaction expertise to accomplish their specific goals in connection with a prospective investor in connection with the sale of the company.
ActiViews is a high tech medical device company that provides navigation solutions that enhance performance in minimally invasive surgical oncology procedures. ActiViews’ patented technology focuses on CT-Guide® navigation, their flagship product. It is the first and only system available specifically for CT-guided lung and liver interventions and has received a CE Mark, Chinese SFDA approval, and a Canadian Medical Device Establishment License. ActiViews addresses a large market opportunity with strong market fundamentals along with an experienced management team. ActiViews was founded in 2007 with headquarters in Haifa, Israel.
Stryker focuses on three medical segments: Reconstructive, MedSurg, and Neurotechnology & Spine. Their wide range of capabilities includes joint replacements, trauma, spine and micro implants systems, orthobiologics, powered surgical instruments, surgical navigation systems, endoscopic products as well as patient handling and emergency medical equipment. Stryker’s products are sold in over 100 countries with the US representing 65% of sales. Stryker was founded in 1941 and its headquarters are located in Kalamazoo, Michigan.
About Avalon Capital
Avalon Capital is a corporate finance advisory firm specializing in cross-border mergers and acquisitions for Israeli high tech companies with a concentration on US and European acquirers. Avalon is highly regarded in particular technology niches including wireless equipment, medical devices, cleantech, fintech software and information technology. The firm was founded in 2004 and is based in Tel Aviv. Avalon Capital applies partner level experience to the successful execution of advisory and financing transactions for emerging tech companies.