Big Moves In Orthopedics: Enovis Seals €800M Deal To Acquire LimaCorporate
Portfolio Pulse from Lekha Gupta
Enovis Corp (NYSE:ENOV) has agreed to acquire LimaCorporate S.p.A. for an enterprise value of approximately €800 million ($850 million). The acquisition will expand ENOV's international presence and product mix, and is expected to create a $1 billion revenue reconstruction business. The deal is expected to be completed in early FY24, subject to regulatory approvals. The company expects the acquisition to be neutral to slightly accretive to FY24 adjusted earnings per share and accretive in FY25 and beyond.
September 25, 2023 | 12:28 pm
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Enovis Corp's acquisition of LimaCorporate is expected to expand its international presence and product mix. The deal is expected to be neutral to slightly accretive to FY24 adjusted earnings per share and accretive in FY25 and beyond.
The acquisition of LimaCorporate by Enovis Corp is a significant move that will expand the company's international presence and product mix. This is expected to boost the company's revenues and earnings in the future, which could have a positive impact on its stock price. The deal is also expected to be accretive to the company's earnings per share in FY25 and beyond, which is a positive signal for investors.
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