Merz and Ulthera have entered into a definitive merger agreement, pursuant to which Merz will acquire global medical device company Ulthera, which developed the ultrasound-based Ultherapy technology for noninvasive skin tightening and lifting. Valued at up to $600 million in upfront cash and milestone payments, the acquisition is the largest in Merz’s history.
“This acquisition represents an important strategic milestone for Merz,” said Philip Burchard, CEO of Merz Pharma Group, which has affiliates in 18 countries around the world. “We have a vision to be the most innovative company in aesthetics, and expanding into the rapidly growing field of energy devices will position us for long-term success in this area. The addition of Ulthera’s energy device technology complements and expands our global presence in the aesthetics space.”
The transaction has been approved by the boards of both companies and is subject to customary closing conditions, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The transaction is expected to close in the third quarter of 2014.
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