Orthopaedic Synergy Inc. signed a letter of intent to acquire Praxim SA of France, which makes robotic and computer-assisted surgery devices.
The Taunton, Mass.-based firm, which is the holding company for OMNIlife Science Inc. and Enztec Ltd. of New Zealand, said the deal is aimed at generating shorter product development cycles, according to a press release.
Praxim makes automated systems, software and instruments for total joint arthroplasty procedures. Based in Grenoble, France, the comany also has operations in Santa Clara, Calif., Bethlehem, Pa., Solihull, England, and in the Benelux region, according to its website.
Orthopaedic Synergy, which makes joint replacement implants and instruments, is still on the prowl for strategic acquisitions, according to the press release. Specific terms of the Praxim deal were not disclosed.