Zydus Life will acquire Amplitude Surgical for $274M

Zydus Life is acquiring an 85.6% stake in France’s Amplitude Surgical SA for $274 million. 

Why it matters: Amplitude Surgical is a leading French MedTech company specializing in orthopedic solutions. The deal strengthens Zydus’ global presence in medical technology.

The deets: once the initial block acquisition is complete, Zydus will launch a mandatory cash tender offer for the remaining 14.4% shares, aiming for full ownership at a total valuation of $325 million. 

The long-term plan is to squeeze-out the process to delist Amplitude Surgical from Euronext Paris.

Amplitude Surgical recorded a turnover of $115.7 million in FY2024.

Big picture: India's Medical Technology & Orthopedic Solutions Market is on a rapid growth trajectory. It is currently valued at approximately $12 billion & it is expected to grow over 16%, reaching $50 billion by 2030. ​ ​

Meanwhile, the Indian orthopedic devices market was valued at $1.54 billion in 2023 & it is expected to grow by 14.2%, reaching $2.2 billion by 2030.