Orliman buys French orthopedic company SM EuropeStaff writer ▼ | December 16, 2014
Orliman, owned by The Riverside Company, has acquired the French orthopedic company Soft Medical Europe (SM Europe).
Spreading in Europe SM Europe will be incorporated into Orliman
SM Europe principally sells through pharmacies, but also offers products in orthopedic shops and medical facilities.
SM Europe will be incorporated into Orliman, Riverside's existing orthopedic company, headquartered in Valencia, Spain. The two companies complement each other well and the resulting combination will accelerate the growth potential of both, driven by cross-selling opportunities in both markets coupled with Orliman's product innovation capabilities.
"Adding SM Europe helps further internationalize Orliman, while adding an excellent suite of products, knowhow and distribution capabilities," said Riverside Vice President Rafael Alvarez-Novoa.
"Orliman can now offer more products to more customers in a broader footprint" adds Enric Florensa, current CEO of Orliman who assumes the role of CEO of the newly created group.
Riverside has completed more than 75 transactions in its Healthcare Specialization. ■