Advertise With UsAdvertise on our extensive network of industry websites and newsletters.
Get the PBR newsletterSign up to our free email to get all the latest PBR
news.Exactech has said that it will acquire the stock and assets of France Medica, an importer and distributor of orthopaedic products and surgical supplies. The total purchase price is projected to be E6.8 million to E7.1 million.
Subscribe to our email newsletter
The purchase price for France Medica involves E5.4 million to be paid upon closing and E1.4 million to E1.7 million in earn-out payments based on the performance of France Medica over the next two years. The closing is expected to be completed in the second quarter of 2008.
Exactech also said that it has finalized arrangements to create a direct distribution operation in Japan, where it previously sold its products through a distributor. The direct operation sales and logistics subsidiary based in Tokyo enables Exactech to directly control its Japanese marketing and distribution operations.