Exactech has acquired the independent distribution partner, Exactech Australia. The purchase included all the stock and assets of Exactech Australia, a Sydney-based importer and distributor of Exactech’s orthopaedic implants, instrumentation and advanced surgical technology.
Exactech vice president of International Sales & Marketing, Daniel Berdat, says, “Led by David Bing, who will be the operation’s managing director, the Exactech Australia team has proven to be a profitable growth partner in an attractive market for the past four years. They were global leaders in the early distribution of our ExactechGPS technology for computer assisted surgery, and have developed a strong presence for our hip, knee and shoulder reconstruction products throughout Australia. Going direct in this market will allow us to provide even greater service to our customers and allow us to further invest in our competitive technologies.”
Exactech Australia has been an important partner to Exactech in establishing a presence in the Asia Pacific market, according to a press release. This sales and marketing operation distributes through independent agencies throughout Australia.
“We are delighted that key members of their existing management team will stay on as part of the new Exactech subsidiary,” Berdat says.
With this acquisition, Exactech now has direct operations in nine global markets with distribution in more than 35 countries.
Terms of the purchase were not disclosed but will be factored into Exactech’s 2016 guidance to be included in the company’s fourth quarter 2015 earnings, to be released later in February.