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Big Device Deals Still Hot in Europe as Synthes Follows Zimmer and Geitinge Extends Its Reach

August is usually a quiet time for dealmaking, particularly in Europe. But not this year. Last month saw two important deals announced, Synthes-Stratec's $1.1 billion deal for Mathys Medical Ltd., and Swedish capital equipment supplier Geitinge bought Siemens Life Support Systems.

August is usually a quiet time for dealmaking, particularly in Europe. But not this year. Last month saw two important deals announced, Synthes-Stratec 's $1.1 billion deal for Mathys Medical Ltd. [See Deal], and Swedish capital equipment supplier Getinge AB 's acquisition of Siemens LSS (Life Support Systems) [See Deal]. (In addition, two other major deals, GE Medical Systems ' $2.1 billion acquisition of Instrumentarium Corp. [See Deal], and Zimmer Holdings Inc. 's last-minute $3.2 billion deal for Centerpulse AG [See Deal], saw finalization.)

The Synthes-Mathys deal represents the final step in completing a Swiss corporate family reunion of sorts that will provide global...

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