Smith & Nephew Acquires Russian Orthopedic Manufacturer

Smith & Nephew plc has acquired the trauma and orthopedics 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.

According to a statement issued by Smith & Nephew executives, the acquisition brings the company closer to customers through well-established commercial channels, allowing the London-based orthopedics behemoth “to better understand needs and offer a fuller range of products and services.”

DC’s local capability to manufacture mid-tier trauma products will allow Smith & Nephew to reach more customers following recent changes relating to state tenders supporting Russian produced products, officials noted.

“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,” said Olivier Bohuon, CEO of Smith & Nephew.

Approximately 350 new employees have joined Smith & Nephew.

Terms of the transaction were not disclosed.