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Smith & Nephew acquires Plato Grup assets

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Smith & Nephew announced an agreement to acquire assets related to Plato Grup’s orthopedic reconstruction, trauma and sports medicine products distributed in Turkey by the end of 2013.

All employees of Plato Grup, including management and sales, are expected to join Smith & Nephew, according to a press release.

 “We are pleased to be able to make this investment, delivering on our strategy to develop sustainable businesses in markets with good long-term growth profiles,” Olivier Bohuon, chief executive officer of Smith & Nephew, stated in a company release. “Turkey is a fast growing market with substantial opportunity and Plato is one of the leading businesses in our segment. With this acquisition we will be building upon a proven commercial platform, good reputation and strong relationships. We will be closer to our customers and able to target new opportunities more actively.”