Smith and Nephew takes control of Swiss and German joint ventures:
This article was originally published in Clinica
Executive Summary
Smith & Nephew has acquired the remaining shares in its Swiss and German joint ventures from B Braun of Germany. The purchase of the outstanding 50% stake in the Swiss venture, B Braun Smith & Nephew (BSN), for £0.5 million ($0.8 million) means the UK company now has a wholly-owned subsidiary in every western European market. Formed in 1989, BSN posted sales of £1.5 million in 1994 for its range of wound management, casting and support and rehabilitation products. Smith & Nephew already had a 75% interest in the German joint venture.