In a major upheaval, Olympus Corporation’s President and CEO, Stefan Kaufmann, resigned amid allegations of illegal drug purchases, triggering a severe market reaction. Olympus confirmed Kaufmann’s resignation, citing adherence to strict corporate ethics as it faced scrutiny over the executive’s alleged misconduct. The company, known for its global standing in medical imaging technology, saw shares […]
In a major move in the global MedTech industry, Olympus Corporation (Olympus), known for its commitment to improving lives through innovative medical solutions, has officially closed its acquisition of Taewoong Medical Co., Ltd. (Taewoong Medical). This deal, valued at approximately $370 million, positions Olympus at the forefront of the gastrointestinal (GI) EndoTherapy market. Strategic Expansion […]
Olympus Corporation, a Japan-based medtech company, will acquire Taewoong Medical Co., a South Korea-based gastrointestinal stents manufacturer, for up to $370 million (approximately KRW 482 billion) in cash. Under the agreement, Olympus will pay $255.5 million at the closing of the transaction and will make milestone payment of up to $114.5 million. With the proposed […]
Olympus Corporation has signed a deal worth up to $340 million to acquire Veran Medical Technologies (VMT), a Missouri-based provider of advanced medical devices specializing in interventional pulmonology. The Japanese optical products company will carry out the acquisition via its subsidiary Olympus Corporation of the Americas (OCA). It is said to be the latest in […]
Olympus Corporation, a Japanese optical products company, has agreed to acquire Arc Medical Design, a UK-based subsidiary of Dutch specialist pharma company Norgine for an undisclosed price. The Japanese firm said that the acquisition helps it expand its offering in gastrointestinal therapeutic devices. Besides, the transaction will help Olympus Corporation in its development of advanced […]