(Credit: Mazor Robotics)Medtronic is all-in on surgical robotics after inking a deal to buy Mazor Robotics for more than $1.6 billion in cash. Medtronic (NYSE:MDT) has completed the acquisition of Israel-based Mazor Robotics (NASDAQ:MZOR). Medtronic agreed to pay $58.50 per American Depository Share or … Medtronic will acquire Israel-based Mazor Robotics for about $1.64 billion in an all-cash deal. Medtronic PLC (MDT) has reached a deal to acquire medical device maker Mazor Robotics Ltd. (MZOR, MZOR.TV) for a total of about $1.64 billion as the company looks to strengthen its hold as a provider of technology for robotic-assisted spine surgeries. Mazor Robotics Marks Time as It Waits to Be Acquired The company's financial statements took a big step back during the quarter, but all eyes are on the pending Medtronic buyout. By Aisha Al-Muslim . Medtronic capped the buyout with the announcement that its first jointly produced product won an FDA nod. Medtronic's acquisition of Mazor strengthens Medtronic's position as a global leader in enabling technologies for spine surgery, and drives Mazor Robotics' vision to bring its core technology to the forefront of the global market. Medtronic plc announced it has entered into a definitive merger agreement with Mazor Robotics. (Credit: Mazor Robotics) Medtronic has closed the $1.7 billion acquisition of Mazor Robotics and its robot-assisted surgery platform. Medtronic's acquisition of Israeli robotic surgical equipment maker Mazor Robotics is in the early innings of success, CEO Omar Ishrak told CNBC on Tuesday. Under the terms of the acquisition agreement, Mazor … Mazor's proprietary core platform technology, including the Mazor X… Mazor Robotics, an Israeli company with U.S. headquarters in Orlando, was acquired by the global medical device maker Medtronic in December in a reported $1.7 billion deal. Mazor X robotic guidance system. Bloomberg the Company & Its Products Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Terminal Demo Request Medtronic’s acquisition of Mazor strengthens Medtronic’s position as a global leader in enabling technologies for spine surgery, and drives Mazor Robotics’ vision to bring its core technology to the forefront of the global market.