M&A - INTUITIVE SURGICAL INC

Form Type: 8-K

Filing Date: 2025-01-23

Corporate Action: Acquisition

Type: New

Accession Number: 000103526725000008

Filing Summary: On January 21, 2025, Intuitive Surgical, Inc. announced the signing of a definitive agreement to acquire the da Vinci and Ion distribution businesses from current technology distributors in Italy, Spain, Portugal, Malta, and San Marino. The transaction includes an upfront cash payment of approximately €290 million and potential additional commercial milestone cash payments totaling up to €31 million, contingent upon closing adjustments. The acquisition is expected to be finalized in the first half of 2026, subject to typical closing conditions. Additionally, the company issued a press release on January 23, 2025, regarding its financial results for the quarter ended December 31, 2024, associated with this transaction, and clarified that the information provided in this report is not considered “filed” under the Securities Exchange Act of 1934.

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