MAHWAH, N.J. - Stryker Corporation (NYSE: NYSE:SYK), a prominent player in the medical technology industry, announced the completion of its acquisition of SERF SAS, a distinguished French joint replacement company, enhancing its global orthopaedics portfolio. The transaction, which was initially revealed to the public without a disclosed sum, was finalized today.
The integration of SERF SAS into Stryker's operations is poised to bolster the company's product offerings in the joint replacement sector. SERF SAS, with its pioneering Dual Mobility Cup and a history spanning over five decades, is set to complement Stryker's existing market presence in Europe, particularly in France, and contribute to the expansion of its global footprint in orthopaedic solutions.
Katherine Truppi, President of Stryker's Joint Replacement division, expressed enthusiasm about the merger, stating that the acquisition "reinforces our dedication to orthopaedic excellence." Truppi also welcomed the SERF SAS team and emphasized the combined efforts to propel product innovation and customer satisfaction.
Similarly, Mathieu Badard, Vice President and General Manager of Stryker's Joint Replacement division in Europe, remarked on the trusted legacy of SERF SAS's product portfolio within the orthopaedic industry and the excitement surrounding the unification of their product lines. The strategic move is expected to extend Stryker's reach within Europe and facilitate increased patient access to differentiated joint replacement products.
Stryker is recognized as a global leader in medical technologies, striving to improve healthcare outcomes through a broad range of innovative products and services. The company's influence extends to over 150 million patients annually across various medical sectors, including MedSurg, Neurotechnology, Orthopaedics, and Spine.
SERF SAS, based in Décines-Charpieu, France, has a longstanding international presence in the large joint replacement market and is renowned for its innovative contributions, such as the original Dual Mobility Cup.
The acquisition's completion is based on a press release statement and is part of Stryker's ongoing efforts to expand and enhance its product lines and global market reach.
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