Edinburgh firm Aircraft Medical sold in £72m deal
An Edinburgh-based healthcare device developer has been acquired by global medical technology firm Medtronic.
Medtronic said it bought Aircraft Medical in an all-cash transaction worth $110m (£72.3m).
Aircraft Medical makes devices which enable clinicians to see patients' vocal cords while inserting a breathing tube into the trachea.
Dublin-based Medtronic serves physicians, hospitals and patients in about 160 countries.
The company said the acquisition expanded its portfolio of solutions for dealing with difficult airways.
Steve Blazejewski, from Medtronic, said: "Aircraft Medical's offerings complement our portfolio, helping us further our commitment to reducing incidents and potential complications from respiratory compromise globally.
"The company's laryngoscopes will play an important role in our airways portfolio as we develop and provide meaningful innovations that improve patient outcomes."