Backed by PE firm, Corin acquires Global Orthopaedic Technology
Written by Mackenzie Garrity | October 05, 2018 | Print | EmailWith the support of private equity firm Permira Funds, Corin acquired Australia-based Global Orthopaedic Technology.
A global leader in the hip and knee replacement market, Corin has a research and development hub in Australia. By acquiring the orthopedic implants company, Corin will scale its operational efforts in Australia.
Global Orthopaedic Technology was founded 19 years ago. Today, the company has grown to offer orthopedic implants as well as robotics and navigation technologies. With a strong footprint in Australia, Global Orthopaedic Technology also has an export business in the U.S.
Financial details of the acquisition were not disclosed. "This agreement will further strengthen our presence in the sophisticated and competitive Australian market," said Corin CEO Stefano Alfonsi. "The combination of Corin and [Global Orthopaedic Technology] capabilities creates a leading player in Australia with stronger ability to fulfill the needs of hip and knee surgeons."
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