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Enovis Completes Acquisition of LimaCorporate S p A
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Enovis Completes Acquisition of LimaCorporate S p A
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Enovis, a medical technology growth company, has announced a definitive agreement to acquire LimaCorporate, a privately held global orthopaedic company focused on restoring motion through an innovative portfolio of implant solutions. The acquisition has an enterprise value of approximately €800 million, consisting of a €700 million cash payment at closing and €100 million in shares of Enovis common stock. Founded in 1945, Lima is an orthopedic company with diversified revenues that has grown at a high single digit CAGR over the last 10 years, increasing into the low teens in the last several years. Lima's technological solutions, including digital innovation and patient-tailored hardware, are developed to help surgeons and improve patient outcomes following joint replacement surgery. The addition of Lima will provide several strategic benefits to Enovis including: Establishing a ~$1 billion revenue reconstruction business with approximately 50% of revenues in the fast-growin
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