Schölly Fiberoptic: Robotic endoscopy goes to Intuitive Surgical
Freiburg — Schölly Fiberoptic GmbH, based in Baden-Württemberg, Germany, has signed an agreement with US medical technology company Intuitive Surgical for the sale of its robotic endoscopy business unit. However, Schölly Fiberoptic remains a strategic supplier to Intuitive Surgical. The parties have agreed not to disclose the purchase price.
The transaction relates to Schölly Fiberoptic’s production line for the manufacture of robot-assisted endoscopes at the production sites in Denzlingen and Biebertal as well as at the repair site in Worcester, Massachusetts / USA.
About Schölly Fiberoptic
Schölly Fiberoptic GmbH, based in Denzlingen / Baden-Württemberg, is a leading provider of visualization systems for minimally invasive diagnostic and surgical applications. Schölly and Intuitive have been working together for over 20 years, during which time they have designed and manufactured several generations of imaging equipment for Intuitive’s da Vinci® Surgical Systems. The owners of the globally active family company are the Schölly family and the B.Braun subsidiary Aesculap AG in Tuttlingen. Schölly Fiberoptic was founded in 1973 and currently employs approximately 900 people, of which approximately 200 will be integrated into Intuitive as part of this transaction.
About Intuitive Surgical
Intuitive Surgical (Nasdaq: ISRG) is a global leader in robotic-assisted minimally invasive surgery technologies. For over 20 years, the U.S. company, headquartered in Sunnyvale, California, has developed, manufactured and marketed surgical and endoluminal systems in the U.S., Western Europe, Japan and South Korea.
Schölly Fiberoptic was comprehensively legally advised on the sale by a corporate and M&A team from the law firm Friedrich Graf von Westphalen & Partner, led by Dr. Barbara Mayer. With this mandate, FGvW was able to further deepen its healthcare focus in the M&A sector.
Intuitive Surgical Inc. was advised by a Hogan Lovells team led by Dr. Peter Huber in Munich; Aesculap AG, a subsidiary of B. Braun SE — as shareholder of Schoelly Fiberoptic GmbH — was advised by Dr. Christian Ulrich Wolf of Watson Farley in Hamburg. On the Schölly side, Hanns-Georg Schell and Claudio Schmitt from the auditing and tax consulting firm Bansbach GmbH in Freiburg were involved as tax advisors.
Advisors to Schölly Fiberoptic GmbH:Friedrich Graf von Westphalen & Partner
Dr. Barbara Mayer, Freiburg, Partner (Lead Partner, Corporate, M&A)
Dr. Jan Barth, Freiburg, Senior Associate (Corporate, M&A)
Dr. Christoph Fingerle, Freiburg, Partner (Labor Law)
Dr. Stefan Daub, Freiburg, Partner (Labor Law)
Dr. Morton Douglas, Freiburg, Partner (IP)
Dr. Lukas Kalkbrenner, Freiburg, Associate (IP)