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January 13, 2014
06:07 EDTCOVCovidien announces acquisition, JV agreement to meet 'value segment' markets
Covidien has completed two transactions – one in Brazil and the other in China – that will enable it to help better meet the specific needs of underserved ‘value segment’ markets. In Brazil, Covidien has acquired WEM Equipamentos Eletrônicos, a manufacturer of electrosurgical generators, disposables and accessories based in Ribeirao Preto. In China, Covidien has entered into a joint venture with the Changzhou Kangdi Medical Stapler, a manufacturer of open stapler products based in Jiangsu Province. Terms of the deals were not disclosed. Total impact on Covidien’s 2014 revenue and earnings is expected to be minimal.
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