Tech Company M&A Transactions
Transneuronix Acquisition
On 6/29/2005, Transneuronix was bought by Medtronic. Financial terms set the valuation at $260 million.
Transaction Overview
Company Name
Acquired By
Announced On
6/29/2005
Transaction Type
M&A
Amount
$260,000,000
M&A Terms
Under the agreement, Medtronic will acquire Transneuronix for an initial payment of approximately $260 million and will make additional payments to Transneuronix shareholders if significant revenue objectives are achieved.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
100 Stierli Ct 106
Mt. Arlington, NJ 07856
USA
Mt. Arlington, NJ 07856
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Transneuronix, Inc., a privately held medical device company focused on the treatment of obesity by stimulation of the stomach with an implantable pacemaker-like device. The product delivers electrical pulses to the stomach.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Art Collins
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