Intuitive Announces Plans to Establish Direct Presence in Italy, Spain, Portugal
Intuitive (NASDAQ:ISRG) has announced plans to establish a direct presence in Italy, Spain, Portugal, Malta, and San Marino through the acquisition of da Vinci and Ion distribution businesses in these regions. The company has entered into agreements with current distributors ab medica, Abex, Excelencia Robotica, and their affiliates.
The transaction is subject to regulatory approvals and is expected to close in 2026. Upon closure, the distribution businesses will be fully integrated into Intuitive's European commercial and marketing organization, led by Senior VP and General Manager Dirk Barten. The move aims to deepen understanding of customer needs and expand access to minimally invasive care in these markets.
Intuitive (NASDAQ:ISRG) ha annunciato piani per stabilire una presenza diretta in Italia, Spagna, Portogallo, Malta e San Marino attraverso l'acquisizione delle attività di distribuzione di da Vinci e Ion in queste regioni. L'azienda ha firmato accordi con i distributori attuali, ab medica, Abex, Excelencia Robotica e le loro affiliate.
La transazione è soggetta ad approvazioni normative e dovrebbe concludersi nel 2026. Una volta completata, le attività di distribuzione saranno completamente integrate nell'organizzazione commerciale e di marketing europea di Intuitive, guidata dal Vice Presidente Senior e Direttore Generale Dirk Barten. Questa mossa mira a approfondire la comprensione delle esigenze dei clienti e ad ampliare l'accesso a cure minimamente invasive in questi mercati.
Intuitive (NASDAQ:ISRG) ha anunciado planes para establecer una presencia directa en Italia, España, Portugal, Malta y San Marino a través de la adquisición de los negocios de distribución de da Vinci e Ion en estas regiones. La compañía ha firmado acuerdos con los distribuidores actuales ab medica, Abex, Excelencia Robótica y sus afiliados.
La transacción está sujeta a aprobaciones regulatorias y se espera que cierre en 2026. Una vez cerrada, los negocios de distribución se integrarán completamente en la organización comercial y de marketing europea de Intuitive, liderada por el vicepresidente senior y gerente general Dirk Barten. Este movimiento tiene como objetivo profundizar la comprensión de las necesidades de los clientes y ampliar el acceso a la atención mínimamente invasiva en estos mercados.
Intuitive (NASDAQ:ISRG)는 이탈리아, 스페인, 포르투갈, 몰타, 산마리노에 직접 진출하기 위한 계획을 발표했습니다. 이 지역에서 da Vinci와 Ion 배급 사업을 인수하기 위한 것입니다. 회사는 현재의 배급업체인 ab medica, Abex, Excelencia Robotica 및 그 계열사와 협약을 체결했습니다.
이번 거래는 규제 당국의 승인을 받는 조건이며, 2026년에 종료될 것으로 예상됩니다. 종료 후, 배급 사업은 Intuitive의 유럽 상업 및 마케팅 조직에 완전히 통합되며, 이는 수석 부사장 겸 총괄 매니저인 Dirk Barten에 의해 이끌어집니다. 이번 결정은 고객의 요구를 더 깊이 이해하고 이러한 시장에서 최소 침습적 치료 접근성을 확장하는 것을 목표로 하고 있습니다.
Intuitive (NASDAQ:ISRG) a annoncé des plans pour établir une présence directe en Italie, Espagne, Portugal, Malte et Saint-Marin grâce à l'acquisition des activités de distribution de da Vinci et Ion dans ces régions. L'entreprise a conclu des accords avec les distributeurs actuels ab medica, Abex, Excelencia Robotica et leurs affiliés.
La transaction est soumise à des approbations réglementaires et devrait se clôturer en 2026. Une fois clôturée, les activités de distribution seront entièrement intégrées dans l'organisation commerciale et marketing européenne d'Intuitive, dirigée par le Vice-Président Senior et Directeur Général Dirk Barten. Ce mouvement vise à approfondir la compréhension des besoins des clients et à élargir l'accès aux soins minimalement invasifs dans ces marchés.
Intuitive (NASDAQ:ISRG) hat Pläne angekündigt, eine direkte Präsenz in Italien, Spanien, Portugal, Malta und San Marino aufzubauen, indem es die Vertriebsaktivitäten von da Vinci und Ion in diesen Regionen erwirbt. Das Unternehmen hat Vereinbarungen mit den aktuellen Distributoren ab medica, Abex, Excelencia Robotica und deren Tochtergesellschaften getroffen.
Die Transaktion unterliegt behördlichen Genehmigungen und soll voraussichtlich im 2026 abgeschlossen werden. Nach Abschluss werden die Vertriebsunternehmen vollständig in die europäische Handels- und Marketingorganisation von Intuitive integriert, die von Senior VP und General Manager Dirk Barten geleitet wird. Ziel dieser Maßnahme ist es, das Verständnis für die Bedürfnisse der Kunden zu vertiefen und den Zugang zu minimal-invasiver Pflege in diesen Märkten zu erweitern.
- Geographic expansion through acquisition of distribution businesses in key European markets
- Strategic vertical integration to gain direct control over operations and customer relationships
- Potential for improved market penetration and customer service through direct presence
- Long completion timeline (2026) could delay potential synergies and growth opportunities
- Regulatory approval requirements pose execution risk
- Integration costs and potential operational disruptions during transition
Insights
The planned acquisition of distributor businesses in Southern Europe represents a strategic vertical integration move that will enhance Intuitive's operational control and market presence. This transaction follows a common pattern in medical device companies' evolution - transitioning from distributor relationships to direct operations once markets reach sufficient scale and maturity.
The delayed closing until 2026 suggests complex regulatory requirements and integration planning. Direct presence will enable Intuitive to capture higher margins by eliminating distributor fees, estimated at 20-30% of sales. More importantly, it provides direct access to customer feedback and usage data, important for product development and market adaptation.
Southern Europe, particularly Italy, represents a significant market for surgical robotics with growing adoption rates. Direct operations will allow faster market penetration and improved customer support infrastructure. The timing aligns with Intuitive's broader European expansion strategy, potentially setting up future growth in adjacent markets.
This strategic move significantly strengthens Intuitive's European footprint in key medical technology markets. Italy, Spain and Portugal collectively represent over 150 million potential patients and numerous major medical centers. The direct presence will enable faster adoption of robotic surgery platforms by reducing administrative layers and improving training and support infrastructure.
The acquisition is particularly well-timed as European healthcare systems are increasingly embracing robotics-assisted surgery to address surgical backlogs and improve operational efficiency. Direct control will allow Intuitive to implement standardized training programs and ensure consistent service quality across these markets, potentially accelerating the adoption of both da Vinci and Ion platforms.
The financial implications of this vertical integration are substantial. Based on typical medical device distribution margins, this move could potentially improve Intuitive's gross margins by 2-3 percentage points in these markets. While the acquisition price isn't disclosed, the long-term value creation through direct market access and improved operational efficiency justifies the investment.
The delayed closing until 2026 allows for proper integration planning and maintains business continuity. This transaction structure also helps preserve distributor relationships during the transition period, important for maintaining market momentum. The move aligns with Intuitive's strategy of reinvesting in market development, suggesting confidence in the long-term growth potential of robotic surgery in Southern Europe.
Acquisition of distributor business expands Intuitive’s investment and footprint in Europe
SUNNYVALE, Calif., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Intuitive (NASDAQ:ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, announced today it intends to establish a direct presence in Italy, Spain, Portugal, Malta, and San Marino, and associated territories via the acquisition of the da Vinci and Ion distribution businesses in these countries.
Intuitive has entered into this agreement, subject to regulatory approvals, with the current Intuitive technology distributors ab medica, Abex, Excelencia Robotica, and their affiliates to purchase their Intuitive product-related business. The transaction will not close until 2026, after approvals have been received and closing conditions met.
“Intuitive is excited to continue to invest in the significant opportunity to bring safe, minimally invasive care to more patients across Europe,” said Intuitive CEO Gary Guthart. “Having a direct presence in Italy, Spain, Portugal, Malta, and San Marino, and associated territories allows us to deepen our understanding of unique customer needs in these countries.”
Upon deal closure in 2026, the da Vinci and Ion business of ab medica, Abex, and Excelencia Robotica will be wholly owned by Intuitive, and business operations will be integrated into Intuitive’s European commercial and marketing organization, led by Senior Vice President and General Manager Dirk Barten.
“Intuitive is grateful for the years of strong business and dedication these companies have provided—their leadership has helped establish robotic technology with physicians and their patients in Europe,” said Barten.
“We look forward to integrating these teams upon deal closure,” said Barten. “Developing direct relationships with customers in these countries is critical for building greater patient access to minimally invasive care.”
“We are proud to have introduced robotic-assisted surgery more than two decades ago in Italy and Southern Europe, as one of the first da Vinci distributors in the world. In 2026 we will continue on our path of innovation in service of patients, care, and healthcare professionals,” said ab medica CEO Francesca Cerruti.
“Over the past forty years, we have become distributors of major technologies across numerous clinical specialties and become producers of solutions and services for smart and digital health. We will continue this journey, and we thank those who have believed with us in da Vinci surgery, and Intuitive for the trust they have placed in us,” said Cerruti.
About Intuitive Surgical, Inc.
Intuitive (NASDAQ:ISRG), headquartered in Sunnyvale, California, is a global leader in minimally invasive care and the pioneer of robotic surgery. Our technologies include the da Vinci surgical system and the Ion endoluminal system. By uniting advanced systems, progressive learning, and value-enhancing services, we help physicians and their teams optimize care delivery to support the best outcomes possible. At Intuitive, we envision a future of care that is less invasive and profoundly better, where disease is identified early and treated quickly, so that patients can get back to what matters most.
About da Vinci Surgical Systems
There are several models of the da Vinci Surgical System. The da Vinci surgical systems are designed to help surgeons perform minimally invasive surgery and offer surgeons high-definition 3D vision, a magnified view, and robotic and computer assistance. They use specialized instrumentation, including a miniaturized surgical camera and wristed instruments (i.e., scissors, scalpels, and forceps) that are designed to help with precise dissection and reconstruction deep inside the body.
About the Ion Endoluminal System
The Ion Endoluminal System (Model IF1000) assists the user in navigating a catheter and endoscopic tools in the pulmonary tract using endoscopic visualization of the tracheobronchial tree for diagnostic and therapeutic procedures. The Ion Endoluminal System enables fiducial marker placement. It does not make a diagnosis and is not for pediatric use.
Information provided by the Ion Endoluminal System or its components should be considered guidance only and not replace clinical decisions made by a trained physician.
For more information, please visit the company’s website at www.intuitive.com.
Important Safety Information
For important safety information, indications for use, risks, full cautions and warnings, please refer to www.intuitive.com/safety.
Forward-Looking Statements
This press release contains forward-looking statements which relate to expectations concerning matters that are not historical facts. Statements using words such as “estimates,” “projects,” “believes,” “anticipates,” “plans,” “expects,” “intends,” “may,” “will,” “could,” “should,” “would,” “targeted,” and similar words and expressions are intended to identify forward-looking statements. These forward-looking statements are necessarily estimates reflecting the judgment of the Company’s management and involve a number of risks and uncertainties that could cause actual results or impacts on the Company’s operations, financial performance, and market position to differ materially from those suggested by the forward-looking statements. These forward-looking statements include, but are not limited to, statements related to establishing a direct presence in Italy, Spain, Portugal, Malta, and San Marino, and associated territories, the expected closing timeframe of the transaction, obtaining regulatory approvals, bringing care to more patients across Europe, integration of business operations and teams, developing direct relationships with customers, continuing innovation in service of patients, care, and health care professionals. These forward-looking statements should be considered in light of various important factors and involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements include, among others, economic conditions in the markets in which we operate, changes in governmental regulations, regulatory enforcement priorities, and other factors discussed in the Company’s Annual Reports and other filings with relevant securities regulators.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and which are based on current expectations and are subject to risks, uncertainties, and assumptions that are difficult to predict, including those risk factors identified under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as updated by the Company’s other filings with the Securities and Exchange Commission. The Company’s actual results may differ materially and adversely from those expressed in any forward-looking statement, and the Company undertakes no obligation to publicly update or release any revisions to these forward-looking statements, except as required by law.
PRESS CONTACT
U.S.: Peper Long, Intuitive
202-446-7748 – mobile
peper.long@intusurg.com
FAQ
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