Tech Company M&A Transactions
Novelis Acquisition
Novelis, based in Methuen, was bought by Volcano. Volcano said the transaction price was $15 million.
Transaction Overview
Company Name
Acquired By
Announced On
5/20/2008
Transaction Type
M&A
Amount
$15,000,000
M&A Terms
Under the terms of the agreement, Volcano paid approximately $12 million in cash at closing. In addition, Volcano may make an additional cash payment of $3 million based on the achievement of a specific regulatory milestone.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
13 Branch Street 8A
Methuen, MA 01844
USA
Methuen, MA 01844
USA
Phone
Website
Email Address
Not Recorded
Overview
Novelis is a private company developing a proprietary forward-looking ultrasonic imaging catheter with integrated RF ablation to facilitate image guided, guidewire-based crossing of chronic total occlusions in the coronary and peripheral vasculature.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Paul Magnin
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We do our best to record every notable VC transaction. VC transactions on this site are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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