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Norway’s Elkem said on Friday it has agreed to sell the majority of its Silicones division to its biggest owner, China’s Bluestar, and that the Chinese company would cease to be a shareholder in the Norwegian group following the transaction.
Stryker has started a limited market release of its Mako RPS handheld robotic system for total knee procedures, the company said Monday. Mako RPS, short for robotic power system, is aimed at surgeons who are interested in robotic technology but want the familiarity of a manual power tool, the company said.
The company will invest the funds primarily across its North American business, optimizing efforts in marketing, sales and R&D, and focusing on product superiority and pricing. Half of the investment will go toward price, product and packaging.
Flowserve Corp. has signed a definitive agreement to acquire Trillium Flow Technologies’ Valves Division (TVD), a market leading provider of highly engineered mission-critical valves used in nuclear and traditional power generation, industrial, and critical infrastructure applications for $490 million in cash.