AtriCure Acquires ESTECH for $60,000,000

  • Feed Type
  • Date
    12/20/2013
  • Company Name
    ESTECH
  • Mailing Address
    2603 Camino Ramon San Ramon, CA 94583
  • Company Description
    ESTECH is a privately held medical device manufacturing and distribution company located in San Ramon, California.
  • Website
    http://www.estech.com
  • Transaction Type
    M&A
  • Transaction Amount
    $60,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    AtriCure has agreed to acquire Estech for a cash-free, debt-free up-front payment of approximately 2.1 million shares or $34 million of AtriCure common stock and up to $26 million in additional consideration based on the achievement of certain revenue-based milestones.