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Intuitive (Nasdaq: ISRG) + Intuitive Surgical Inc. $602.149 1.60% Open 589.728 Day High 596.241 52 Week High 468.78 52 Week Low 254.85 announced today that it plans to establish a direct presence in Italy, Spain and Portugal.

Intuitive Chief Executive Gary Guthart said the company's direct presence in Italy, Spain, Portugal, Malta and San Marino will allow it to better understand customer needs across Europe. "Intuitive is excited to continue to invest in the significant opportunity to bring safe, minimally invasive care to more patients across Europe," he said.

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.