{"id":124790,"date":"2024-01-03T11:26:52","date_gmt":"2024-01-03T11:26:52","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=115437"},"modified":"2024-01-03T11:26:52","modified_gmt":"2024-01-03T11:26:52","slug":"enovis-completes-acquisition-of-limacorporate-s-p-a","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/enovis-completes-acquisition-of-limacorporate-s-p-a\/","title":{"rendered":"Enovis Completes Acquisition of LimaCorporate S.p.A"},"content":{"rendered":"<div>\n<p style=\"text-align: left;\" align=\"justify\">WILMINGTON, Del., Jan. 03, 2024 (GLOBE NEWSWIRE) &#8212; Enovis<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/2122.png\" alt=\"\u2122\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\" \/> Corporation (NYSE: ENOV, \u201cEnovis\u201d or the \u201cCompany\u201d) an innovation-driven, medical technology growth company, today announced that it closed the acquisition of LimaCorporate S.p.A.\u00a0(\u201cLima\u201d),\u00a0a privately held global orthopedic leader focused on restoring motion through an innovative portfolio of implant solutions.<\/p>\n<p style=\"text-align: left;\" align=\"justify\">Lima\u00a0strengthens Enovis\u2019 position in the\u00a0global orthopedic reconstruction market with a complementary portfolio of proven surgical solutions and technologies, which will accelerate global growth and margin expansion. In addition, Lima&#8217;s portfolio includes 3D printed Trabecular Titanium implants and a comprehensive revision offering in shoulders, which will further strengthen the Company&#8217;s position in the fast-growing extremities market.<\/p>\n<p style=\"text-align: left;\" align=\"justify\">\u201cWe are excited to welcome\u00a0Lima&#8217;s talented team to Enovis. The combination brings Enovis\u2019 recon segment to $1 billion in revenues and creates a fast-growing innovator in the global orthopedic reconstruction market. This is another great example of how we use strategic acquisitions to accelerate our growth, add great technologies and talent to our company, and drive compounding value for our shareholders,\u201d said Matt Trerotola,\u00a0Chair, and Chief Executive Officer of Enovis.<\/p>\n<p style=\"text-align: left;\" align=\"justify\"><strong><u>About Enovis Corporation<\/u><\/strong><br \/>\nEnovis Corporation (NYSE: ENOV) is an innovation-driven medical technology growth company dedicated to developing clinically differentiated solutions that generate measurably better patient outcomes and transform workflows. Powered by a culture of continuous improvement, global talent, and innovation, the Company\u2019s extensive range of products, services, and integrated technologies fuels active lifestyles in orthopedics and beyond. The Company\u2019s shares of common stock are listed in the United States on the New York Stock Exchange under the symbol ENOV. For more information about Enovis, please visit <a href=\"https:\/\/www.google.com\/url?q=http:\/\/www.enovis.com&amp;source=gmail-html&amp;ust=1704367504011000&amp;usg=AOvVaw1-3cpwnHhI9dsFAraAvxHD\"  rel=\"noopener noreferrer\">www.enovis.com<\/a><\/p>\n<p style=\"text-align: left;\" align=\"justify\"><strong><u>Forward-Looking Statements<\/u><\/strong><br \/>\n<em>This press release includes forward-looking statements, including forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding the Company\u2019s plans, objectives, expectations and intentions and other statements that are not historical or current fact. Forward-looking statements are based on the Company\u2019s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause the Company\u2019s results to differ materially from current expectations include, but are not limited to, risks and uncertainties regarding the Company\u2019s and Lima\u2019s respective businesses, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the effects of the acquisition on the Company\u2019s and Lima\u2019s operations, including on the combined company\u2019s future financial condition and performance, operating results, strategy and plans, including anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, losses, future prospects, and business and management strategies for the management, expansion and growth of the new combined company\u2019s operations; the potential impact of the consummation of the acquisition on relationships with customers, suppliers and other third parties; and the other factors detailed in the Company\u2019s reports filed with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d), including its most recent Annual Report on Form\u00a010-K\u00a0and subsequent Quarterly Reports on Form\u00a010-Q\u00a0under the caption \u201cRisk Factors,\u201d as well as the other risks discussed in the Company\u2019s filings with the SEC. In addition, these statements are based on assumptions that are subject to change. This press release speaks only as of the date hereof. The Company disclaims any duty to update the information herein.<\/em><\/p>\n<p style=\"text-align: left;\"><strong>Investor Relations Contact<\/strong><br \/>\nKyle Rose<br \/>\nVice President, Investor Relations<br \/>\nEnovis Corporation<br \/>\n+1-917-734-7450<br \/>\n<u><a href=\"mailto:investorrelations@enovis.com\"  rel=\"noopener noreferrer\">investorrelations@enovis.com<\/a><\/u><\/p>\n<p style=\"text-align: left;\"><strong>Media Contact<\/strong><br \/>\nKatie Sweet<br \/>\nVice President, Corporate Communications<br \/>\nEnovis Corporation<br \/>\n<u><a href=\"mailto:Katie.sweet@enovis.com\"  rel=\"noopener noreferrer\">Katie.sweet@enovis.com<\/a><\/u><img decoding=\"async\" src=\"https:\/\/ci3.googleusercontent.com\/proxy\/w6P7jiDsMHZ-Y5-DZLivxkpAYKN2gOdodoOnxAYOaIOk4dlILftz3uzLDbIWFAPugpIaKkU-Ip71xr6YIB_xZ7vNo4Pj_n8wPgpl_AwX6VgyJqLdAjGGDNk4fEYVvKd0x4DLJHYakfGut2xD1SQimNkrnuwAvSJSm49DJGwaImlvihylofdSSACupG02Qw=s0-d-e1-ft#https:\/\/ml.globenewswire.com\/media\/ZmZiZjZhNDAtNzBmYS00NGNhLWE4NGQtYTllMmVmOGQ3ZjAwLTEwMjI0MDE=\/tiny\/Enovis-Corporation.png\" \/><\/p>\n<p align=\"center\">GlobeNewswire Distribution ID 9011517<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WILMINGTON, Del., Jan. 03, 2024 (GLOBE NEWSWIRE) \u2014 Enovis\u2122 Corporation (NYSE: ENOV, \u201cEnovis\u201d or the \u201cCompany\u201d) an innovation-driven, medical technology growth company, today announced that it closed the acquisition of LimaCorporate S.p.A.\u00a0(\u201cLima\u201d),\u00a0a privately held global orthopedic leader focused on restoring motion through an innovative portfolio of implant solutions. Lima\u00a0strengthens Enovis\u2019 position in the\u00a0global orthopedic reconstruction [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31,182,2280,2584,17,53,343,32],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Enovis Completes Acquisition of LimaCorporate S.p.A - Lebanon News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lebanonnewsgazette.com\/enovis-completes-acquisition-of-limacorporate-s-p-a\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Enovis Completes Acquisition of LimaCorporate S.p.A - Lebanon News Gazette\" \/>\n<meta property=\"og:description\" content=\"WILMINGTON, Del., Jan. 03, 2024 (GLOBE NEWSWIRE) \u2014 Enovis\u2122 Corporation (NYSE: ENOV, \u201cEnovis\u201d or the \u201cCompany\u201d) an innovation-driven, medical technology growth company, today announced that it closed the acquisition of LimaCorporate S.p.A.\u00a0(\u201cLima\u201d),\u00a0a privately held global orthopedic leader focused on restoring motion through an innovative portfolio of implant solutions. 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