Enovis completes acquisition of LimaCorporate
Key takeaways:
- Enovis Corporation has announced the completed acquisition of LimaCorporate S.p.A.
- Enovis will acquire Lima Corporate’s portfolio of adult reconstruction technologies.
Enovis Corporation has announced the completed acquisition of LimaCorporate S.p.A. for a total of 800 million euros in cash and common stock, according to a company press release.
Enovis will acquire Lima Corporate’s portfolio of adult reconstruction technologies, including 3D-printed implants, according to the release.
“We are excited to welcome Lima's talented team to Enovis. The combination brings Enovis’ [reconstruction] segment to $1 billion in revenue and creates a fast-growing innovator in the global orthopedic reconstruction market,” Matt Trerotola, chair and CEO of Enovis, said in the release. “This is another great example of how we use strategic acquisitions to accelerate our growth, add great technologies and talent to our company and drive compounding value for our shareholders,” he added.