Italy-based Lima Corporate has signed an agreement with Zimmer Holdings to acquire its unicompartmental and total knee products within European markets.
Under the deal, Lima will purchase Zimmer Unicompartmental High Flex Knee (ZUK) and Biomet Discovery Elbow System to sell within the European Economic Area (EEA) and Switzerland markets.
Lima Corporate CEO Luigi Ferrari said: "With the launch of Physica, the acquisition of ZUK puts Lima on the map as a serious player in the knee market.
"To be focused on our historical markets, we decided that the EEA and Switzerland markets would best fit our strategy."
"The Discover Elbow will allow Lima to expand and strengthen our leading position by offering a more complete portfolio in the extremities segment."
The deal will also allow Lima to sell Zimmer’s Biomet Vanguard Complete Knee System in Denmark and Sweden markets.
The deal between the firms will become effective, once the merger is completed between Zimmer and Biomet.
In addition, the agreement will allow Lima to receive the non-exclusive rights for the manufacturing, marketing and sale of an exact copy of the Vanguard Knee in the EEA.