Smith & Nephew has acquired the trauma and orthopedics business of Russian-based manufacturing companies DeOst and DC.
Here are five takeaways:
1. Both DeOst and DC are members of the DeOst group.
2. DeOst has distributed Smith & Nephew's products in Russia since 2009.
3. The acquisition expands its foothold in Russia and allows Smith & Nephew to better serve its Russian customers.
4. Approximately 350 new employees have joined Smith & Nephew.
5. The terms of the transaction were not disclosed.