Stryker, a medical device maker, has agreed to invest $400m in CMR Surgical, a company developing surgical robots. The investment includes an option for Stryker to acquire the firm entirely at a later stage.
The deal gives Stryker a significant stake in CMR and a potential route to full ownership. It reflects continued consolidation in the surgical robotics sector, where larger medical technology companies are seeking to absorb smaller innovators.
Financial terms beyond the initial investment were not disclosed in the report. The option to buy outright suggests Stryker sees long-term value in CMR's technology and product pipeline.