Smith & Nephew buys Russian manufacturing business

10th Jul 2015 07:29

Medical technology company Smith & Nephew announced the acquisition of the trauma and orthopaedics business of Deost LLC and DC LLC, a manufacturing company that has distributed S&N's products in Russia since 2009.Smith & Nephew provided no financial details about the deal but said it brings the two companies closer to their customers through well-established commercial channels, allowing them to better understand their needs and offer a fuller range of products and services.Chief executive Olivier Bohuon said: "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 will enable us to take advantage of market dynamics and better serve Russian customers."