Stryker Completes Muka Metal Acquisition

Kalamazoo, Mich.-based Stryker Corporation has completed the acquisition of Muka Metal A.S., a Turkish company that makes hospital beds, stretchers and related patient room furniture and accessories that serve markets across Turkey and other regions globally.

As previously announced by Stryker, the transaction is expected to be neutral to Stryker’s 2015 earnings per share excluding acquisition, integration-related and intangible amortization charges.

“The acquisition of Muka aligns with our strategy to expand our global presence through existing channels with an established and trusted brand,” said Timothy J. Scannell, Stryker group president of Medsurg and Neurotechnology. “This acquisition will bolster Stryker Medical’s bed and stretcher offerings, and is a compelling opportunity to drive growth in Turkey and other regions around the world.”

Stryker makes devices in the orthopedic, medical and surgical, and neurotechnology and spine sectors.