LimaCorporate said it agreed to acquire TechMah Medical and its digital tools for orthopedic procedures in a milestone-based deal worth an unspecified amount.
The plan calls for the TechMah team to develop software and smart instruments for Lima’s line of 3D-printed implants. Knoxville, Tenn.-based TechMah’s founder, Mohamed Mahfouz, is slated to stay with the company and become a long-term partner with San Daniele del Friuli, Italy-based Lima, that company said.
The deal calls for Lima to fund TechMah, closing the acquisition over time “as key product development goals are achieved.”
“Dr. Mahfouz and his team will remain involved with the business,” Lima said.
“We are excited about this transaction and the partnership with Dr. Mahfouz. Combined with our proven implant technology and 3D printing capabilities, this acquisition will allow LimaCorporate to develop a strong foothold in all digital applications surrounding total joint replacement by offering surgeons a new intra-operative experience and by providing their patients flexible personalized care,” CEO Luigi Ferrari said in prepared remarks.
“LimaCorporate is the most innovative and agile company in Orthopaedics today and the ideal partner for us to develop our technology and advance the digitization of the industry,” Mahfouz added.
In December 2015 private equity firm EQT acquired Lima from Ardian for an undisclosed amount.