Here are five things to know about the acquisition:
1. ECC has been Smith & Nephew’s sole distributor in Colombia since 2006.
2. ECC has a workforce of approximately 150 people.
3. The acquisition of ECC is in-line with Smith & Nephew’s strategic priority to supplement its organic growth through acquisitions.
“ECC provides us with an established, successful platform to accelerate growth in Colombia, one of the largest economies in Latin America. With increased resources and direct relationships with customers we are better able to fulfill their needs, through our pioneering technologies and enhanced service. We welcome our new employees to Smith & Nephew and look forward to working together to support healthcare professionals in improving the quality of life for their patients,” said Olivier Bohuon, CEO of Smith & Nephew.
4. Smith & Nephew’s emerging markets business delivered 17 percent revenue growth in 2014.
5. The terms of the transaction have not been disclosed.
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