S&N To Further Strengthen Presence In Brazil
Smith & Nephew has agreed to acquire the assets and business of Politec Saúde, relating to S&N's Advanced Wound Management (AWM) Products in Brazil.
In 2013, S&N announced its intention to acquire its Advanced Surgical Devices distribution in Brazil, purchased a mid-tier Trauma business in India and acquired a direct presence in Turkey. Through these transactions, together with this latest acquisition in Brazil, S&N is delivering on its strategic priority to build a sustainable emerging markets business.
Founded in 1973 and based in Sao Paulo, Politec is the sole distributor of S&N AWM products registered in Brazil. This proposed acquisition comprises approximately one-quarter of Politec's overall business. Politec will continue to operate its other businesses as usual, with its shareholding structure and management team unchanged.