Smith & Nephew plc Snags Russian Manufacturing Biz for Undisclosed Sum
British artificial hip and knee maker Smith & Nephew said it had bought a Russian distribution and manufacturing business, in line with its strategy of expanding in emerging markets.
Smith & Nephew said on Friday it was adding the trauma and orthopaedics unit of Russian company DeOst to boost its local presence for an undisclosed sum. The deal involved adding 350 new employees.
Sanctions imposed on Russia by the United States and Europe in response to Moscow's part in the Ukraine crisis have complicated life for some European firms doing business in Russia.
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Smith & Nephew said on Friday it was adding the trauma and orthopaedics unit of Russian company DeOst to boost its local presence for an undisclosed sum. The deal involved adding 350 new employees.
Sanctions imposed on Russia by the United States and Europe in response to Moscow's part in the Ukraine crisis have complicated life for some European firms doing business in Russia.
Help employers find you! Check out all the jobs and post your resume.