From https://www.hulldailymail.co.uk/news/business/smith--nephew-completes-acquisition-2938387 | Wednesday 5 June 2019
Trading update says the acquisition supports strategy to invest in technology to 'further multi-asset digital surgery and robotic ecosystem'.
FTSE 100 medical giant Smith & Nephew has completed the acquisition of joint reconstructing business Brainlab.
The Hull-headquartered manufacturer first announced its deal to purchase Brainlab back in March.
The company outlined plans to add Brainlab’s pioneering hip software to its existing NAVIO device – a handheld tool which hopes to reduce surgery times.
On Monday, Smith & Nephew confirmed it had completed the acquisition of Brainlab.
It said in a trading update: “The acquisition supports Smith & Nephew's strategy to invest in best-in-class technologies that further its multi-asset digital surgery and robotic ecosystem."
Read the full story here.