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.
It is planned that 30 employees will transfer to S&N Brazil upon completion of the deal. The terms of the transaction have not been disclosed.