Smith & Nephew acquires Russian distribution and manufacturing business (press release)
Read timeline of all Mergers and Acquisitions
read the 2011 article - S&N interview regarding their strategy to expand into BRIC countries
Smith & Nephew plc (LSE: SN, NYSE: SNN), the global medical technology business, today announces the acquisition of the trauma and orthopaedics business of DeOst LLC and DC LLC, a manufacturing company in the DeOst group. DeOst has distributed Smith & Nephew’s products in Russia since 2009.
The acquisition brings us closer to our customers through well-established commercial channels, allowing us to better understand needs and offer a fuller range of products and services. DC’s local capability to manufacture mid-tier trauma products will enable us to reach more customers following recent changes relating to state tenders supporting Russian produced products.
Olivier Bohuon, chief executive officer of Smith & Nephew, commented:
“Smith & Nephew has grown its business in Russia since 2005. This investment, in-line with our strategy to build our platform in the Emerging Markets, significantly boosts our local presence and prospects and wi...
