Zydus Lifesciences has signed exclusive talks to take over an 85.6% stake in French MedTech specialist Amplitude Surgical, which has lower-limb orthopedic technology as its focus area. The takeover deal is estimated at €256.8 million and involves buying shares at €6.25 apiece, a premium of 80.6% over the last close.
Major points:
-
Zydus intends to purchase 100% of the equity of Amplitude Surgical through a mandatory simplified cash tender offer for outstanding shares.
-
If successfully completed, Zydus will delist Amplitude Surgical from Euronext Paris.
-
The acquisition is part of Zydus' plan to diversify its MedTech portfolio and geographical reach.
Amplitude Surgical posted revenues of €106 million in FY24 and has been experiencing steady growth in orthopedics innovation. Dr. Sharvil Patel, Managing Director at Zydus, emphasized that the move is a natural extension into niche MedTech solutions.
The deal is anticipated to close by mid-2025, subject to regulatory clearances.
Source: Based on Zydus Lifesciences' regulatory filings, Business Upturn, and Amplitude Surgical's Press Release