Asensus Surgical agrees to merger with KARL STORZ [Video]

Asensus Surgical Inc., which has been developing “intra-operative augmented intelligence technology for operating rooms,” today announced that it has entered a definitive merger agreement with KARL STORZ Endoscopy-America Inc. KARL STORZ said the transaction will strengthen its position in the growing surgical robotics market, particularly with Asensus’ next-generation LUNA system.

“We are pleased to have reached this agreement with KARL STORZ, which we believe maximizes value for our stockholders,” stated Anthony Fernando, president and CEO of Asensus Surgical.

“This transaction is a testament to the value of our innovative robotic and digital technology, intellectual property, and the hard work of our talented team,” he added. “We are excited to enter the next chapter for Asensus with KARL STORZ, which will allow us to continue to develop and deliver precise, safer, predictable surgery and digital tools to patients and surgeons around the world.”

The companies have been collaborating for more than a year, and the deal follows the terms of an April letter of …