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{{Infobox company
{{Primary sources|date=August 2024}}{{Infobox company
| name = LimaCorporate
| name = LimaCorporate
| logo = Lima Corporate2.png
| logo = Lima Corporate2.png
| type = [[Medical devices]]
| type = [[Medical devices]]
| foundation = [[Friuli Venezia Giulia]], [[Italy]] (1945)
| foundation = {{start date and age|1945}}, in [[Friuli-Venezia Giulia]], [[Italy]]
| location = Villanova, [[San Daniele del Friuli]], Italy
| location = Villanova, [[San Daniele del Friuli]], Italy
| key_people = Luigi Ferrari {{small|(CEO)}}<br>
| key_people = Matt Trerotola (Enovis CEO)<br>
Louie Vogt (Group President Recon)<br>Benjamin Reinmann (President of Enovis International Surgical)
Michele Marin {{small|(CFO)}}
| products = Medical devices
| products = Medical devices
Reconstructive and custom-made orthopedic solutions
| homepage = {{URL|http://www.limacorporate.com/}}
| homepage = {{URL|http://www.limacorporate.com/}}
| founder = Carlo Leopoldo Lualdi
| founder = Carlo Leopoldo Lualdi
| owner = [[Enovis]] (2024–present)
}}
}}
{{coi|date=April 2020}}
'''LimaCorporate''' is a medical device company<ref name=":2">{{Cite web|url=http://www.limacorporate.com/|title=LimaCorporate - Orthopaedic Emotion|website=LimaCorporate.com|language=en|access-date=2019-11-28}}</ref> headquartered in Italy. LimaCorporate’s product range includes Large Joint Primary and Revision implants, Extremities and Fixation [[solution]]s and dedicated Patient-Specific prostheses division.<ref name=":0">{{Cite web|url=https://limacorporate.com/aboutus.html?b=history|title=History - LimaCorporate|last=|first=|date=|website=LimaCorporate.com|language=en|url-status=live|archive-url=|archive-date=|access-date=2019-11-28}}</ref>


'''LimaCorporate''' is a medical device company based in [[Italy]], it manufactures joint implants, extremities and fixation.<ref name=":0">{{Cite web |last= |first= |date= |title=History |url=https://limacorporate.com/aboutus.html?b=history |url-status=dead |archive-url=https://web.archive.org/web/20160327033420/https://limacorporate.com/aboutus.html?b=history |archive-date=March 27, 2016 |access-date=2019-11-28 |website=LimaCorporate |language=en}}</ref> In 2021, the company delivered [[3D printing]] to a hospital setting.<ref name=":1">{{Cite web |last= |first= |date= |title=LimaCorporate Heads First 3D Printing Site on Hospital Campus to Address Complex Custom Orthopedic Implants |url=https://limacorporate.com/repo/press/524e05dc77239f3a15dab766aaa59a9e432efde7/LIMACORPORATE_HEADS_FIRST_3D_PRINTING_SITE_ON_HOSPITAL_CAMPUS_TO_ADDRESS_COMPLEX_CUSTOM_ORTHOPEDIC_IMPLANTS.pdf |archive-url= |archive-date= |access-date= |website= |publisher=LimaCorporate}}</ref> Both Italian production plants of LimaCorporate have been certified [[ISO 14000 family|ISO 14001]].<ref>{{Cite web |title=Environment |url=https://limacorporate.com/en/our-commitment/environment.html}}</ref>
With over 900 staff members and two production plants worldwide, LimaCorporate sells its products through a network of direct subsidiaries companies and distributors in over 42 countries.<ref>{{Cite web|url=https://limacorporate.com/world-wide.html|title=LimaCorporate Worldwide|last=|first=|date=|website=LimaCorporate.com|language=en|url-status=live|archive-url=|archive-date=|access-date=2019-11-28}}</ref>


In September 2023, [[Enovis]] announced that it had reached an agreement to acquire the company for approximately [[Euro|€]]800 million.<ref>{{Cite web |date=September 28, 2023 |title=Enovis to Acquire LimaCorporate S.p.A. |url=https://enovis.com/news-events/enovis-to-acquire-limacorporate-s-p-a/ |url-status=dead |archive-url=https://web.archive.org/web/20231215144410/https://enovis.com/news-events/enovis-to-acquire-limacorporate-s-p-a/ |archive-date=December 15, 2023 |website=Enovis}}</ref> On January 3, 2024, it was reported that the purchase of LimaCorporate had been completed.<ref>{{Cite web |date=January 3, 2024 |title=Enovis Completes Acquisition of LimaCorporate S.p.A |url=https://enovis.com/news-events/enovis-completes-acquisition-of-limacorporate-s-p-a/ |access-date=2024-01-24 |work=Enovis |place=Wilmington, Delaware |language=en}}</ref>
LimaCorporate was the first to bring 3D printing to a hospital setting.<ref>{{Cite web|url=https://limacorporate.com/repo/press/524e05dc77239f3a15dab766aaa59a9e432efde7/LIMACORPORATE_HEADS_FIRST_3D_PRINTING_SITE_ON_HOSPITAL_CAMPUS_TO_ADDRESS_COMPLEX_CUSTOM_ORTHOPEDIC_IMPLANTS.pdf|title=LimaCorporate Heads First 3D Printing Site On Hospital Campus To Address Complex Custom Orthopedic Implants|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref>


==History==
==History==
Engineer and entrepreneur, Carlo Leopoldo Lualdi, LimaCorporate's founder, began producing surgical instruments in 1945.<ref name=":3">{{Cite web |title=Our History |url=https://limacorporate.com/en/about-us/our_history.html |website=LimaCorporate}}</ref> In 2000, Lima began specializing in the production of orthopedic implants.<ref name=":3" /> In the early 2000s, LimaCorporate began developing [[Electron-beam additive manufacturing|electron-beam melting]] (EBM) technology, a form of [[3D printing|additive manufacturing]].<ref name=":3" /> In 2007, the company's first acetabular cup was developed.<ref name=":3" />
The founder of LimaCorporate, Carlo Leopoldo Lualdi, began manufacturing surgical instruments in 1945.<ref name=":0" />


Lima later announced the completion of a Distribution Agreement with OrthAlign, Inc. for a tibial/femoral handheld navigation device and associated instrumentation to be supplied within the [[European Economic Area]] (EEA) and [[Switzerland]] (excluding [[Romania]]).<ref>{{Cite web |date=August 6, 2015 |title=LimaCorporate Enters into an Agreement for Distribution With Orthalign for Handheld Navigation Device |url=https://limacorporate.com/repo/press/0ade7c2cf97f75d009975f4d720d1fa6c19f4897/Lima_Corporate_Orthoalign_Press_Release.pdf |publisher=LimaCorporate}}</ref> In addition, the company announced the completion of an assets acquisition process with [[Zimmer Biomet|Zimmer Holdings Inc.]] on July 3, 2015.<ref name=":4">{{Cite web |date=July 3, 2015 |title=LimaCorporate Announces Completion of Zimmer-Biomet Assets Acquisition |url=https://limacorporate.com/repo/press/fe5dbbcea5ce7e2988b8c69bcfdfde8904aabc1f/Lima_Corporate_Finalis_Closing_Press_Release.pdf |publisher=LimaCorporate}}</ref> The agreement was approved by the [[Fair Trade Commission (Japan)|Japanese Fair Trade Commission]] at the end of the same year.<ref name=":5">{{Cite web |title=LimaCorporate Completes Acquisition ff Zimmer Biomet Assets in Japan |url=https://limacorporate.com/repo/press/ac3478d69a3c81fa62e60f5c3696165a4e5e6ac4/Lima%20Corporate_Japan_Closing_Press_Release.pdf}}</ref>
In 1953, the first helicopter prototype was created, relying solely on Italian know-how. Since then, and until the year 2000, LimaCorporate became one of the most important suppliers in the [[Aerospace engineering|aerospace]] sector.<ref name=":0" />


In 2016, EQT, with Hansjörg Wyss as the co-investor, completed the acquisition process for a majority share of LimaCorporate.<ref>{{Cite web |title=EQT and Hansjörg Wyss New Owners of LimaCorporate |url=https://limacorporate.com/repo/press/9e6a55b6b4563e652a23be9d623ca5055c356940/Lima_EQT_Closing_Press_Release_1_March.pdf}}</ref> In 2018, LimaCorporate acquired TechMah Medical LLC, a medical device software company located in the United States.<ref name=":6">{{Cite web |date=6 September 2018 |title=LimaCorporate Announces Milestone-Based Acquisition of Techmah Medical LLC to Expand Digital Footprint in Orthopaedics |url=https://limacorporate.com/repo/press/31bd9b9f5f7b338e41b56183a2f3008b541d7c84/LIMACORPORATE_ANNOUNCES_MILESTONE-BASED_ACQUISITION_OF_TECHMAH_MEDICAL_LLC_English.pdf |publisher=LimaCorporate}}</ref> In 2019, LimaCorporate and the [[Hospital for Special Surgery]] (HSS) announced the foundation of an additive manufacturing 3D printing facility in a hospital setting.<ref>{{Cite web |date=January 7, 2019 |title=LimaCorporate Heads First 3D Printing Site on Hospital Campus to Address Complex Custom Orthopedic Implants |url=https://limacorporate.com/repo/press/524e05dc77239f3a15dab766aaa59a9e432efde7/LIMACORPORATE_HEADS_FIRST_3D_PRINTING_SITE_ON_HOSPITAL_CAMPUS_TO_ADDRESS_COMPLEX_CUSTOM_ORTHOPEDIC_IMPLANTS.pdf |publisher=LimaCorporate}}</ref> LimaCorporate announced the completion of a distribution agreement with G21 S.r.l. to supply cement spacer molds for the shoulder, hip and knee as well as antibiotic-loaded [[bone cement]].<ref>{{Cite web |title=LimaCorporate Enters into an Agreement for Distribution With G21 for Spaceflex Cement Spacer Portfolio |url=https://limacorporate.com/repo/press/e993215bfdaa515f6ea00fafc1918f549119f993/LIMACORPORATE_ENTERS_INTO_AN_AGREEMENT_FOR_DISTRIBUTION_WITH_G21_FOR_SPACEFLEX_CEMENT_SPACER_PORTFOLIO.pdf}}</ref> Additionally, the company entered into an agreement with Dedienne Santé S.a.s. to distribute dual mobility acetabular cups in the European Economic Area (EEA) and Switzerland.<ref>{{Cite web |title=LimaCorporate Enters into an Agreement with Dedienne Santé for Distribution of Dual Mobility Cups |url=https://limacorporate.com/repo/press/12f0de3dc76e067d21ed85125716e02e9f1e69f0/LIMACORPORATE_ENTERS_INTO_AN_AGREEMENT_WITH_DEDIENNE_SANT%C3%89_FOR_DISTRIBUTION_OF_DUAL_MOBILITY_CUPS.pdf}}</ref>
Between the 1960s and 1980s, the core business expanded into the manufacturing of medical devices, specifically [[titanium]] orthopedic prostheses.<ref name=":0" />


In 2020, LimaCorporate inaugurated spaces for 3D Printing at its headquarter campus of [[San Daniele del Friuli]], Italy.<ref>{{Cite web |title=LimaCorporate Inaugurates the New Research & Innovation Center for 3D Printing and the Advanced Laboratory for Testing and Analysis (ATLAs) |url=https://limacorporate.com/repo/press/114d4eefde1dae3983e7a79f04c72feb9a3a7efd/LIMACORPORATE_INAUGURATES_THE_NEW_RESEARCH_INNOVATION_CENTER_AND_THE_ADVANCED_LABORATORY_FOR_TESTING_AND_ANALYSIS_(ATLAs).pdf}}</ref> In the same year, LimaCorporate became the first Italian company to obtain the EU Quality Management System Certificate under Medical Devices Regulation (MDR) for Class III Custom-Made devices.<ref>{{Cite web |title=LimaCorporate is the First Italian Company to Obtain the EU Quality Certificate Under the MDR |url=https://limacorporate.com/repo/press/ac2646028f5b8b9bbf7a967f4ac71b8866135211/LIMACORPORATE_IS_THE_FIRST_ITALIAN_COMPANY_TO_OBTAIN_THE_EU_QUALITY_CERTIFICATE_UNDER_THE_MDR.pdf}}</ref> On March 24, 2021, LimaCorporate opened the ProMade PoC Center for Complex Orthopedic Solutions at the Hospital for Special Surgery (HSS).<ref>{{Cite web |title=LimaCorporate and HSS Partner to Open First Provider-Based Design and 3D Printing Center for Complex Joint Reconstruction Surgery |url=https://limacorporate.com/repo/press/708a77db476d737e54b8bf4663fc79b346d696d2/LimaCorporatexHSS_PoCGrand%20Opening%20Release_EN_22032021%202.pdf}}</ref>
In the 1990s, the company continued to focus on the medical devices market with the specific aim of broadening its presence on a global level. In the year 2000, this approach led to Lima’s decision to exclusively specialize in the production of Orthopedic implants.<ref name=":0" />

In the 2000s, LimaCorporate made the decision to develop the EBM (Electron Beam Melting) technology, or additive manufacturing, to address the functional limitations of the coatings applied to traditional prosthetic implants. In 2007, the company’s first acetabular cup featuring T''T'', LimaCorporate’s proprietary 3D printing technology, was developed and implanted for the first time in Italy.<ref name=":1">{{Cite web|url=https://limacorporate.com/repo/press/0a57cb53ba59c46fc4b692527a38a87c78d84028/Lima_Corporate_Press_Release_TT_FINAL_EN.pdf|title=LimaCorporate celebrates 10 years of 3D printing: Trabecular Titanium|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref>

Furthermore, the company announced the completion of a Distribution Agreement with OrthAlign, Inc. for a tibial/femoral handheld navigation device and associated instrumentation to be supplied within the European Economic Area (EEA) and Switzerland markets, excluding Romania.<ref>{{Cite web|url=https://limacorporate.com/repo/press/0ade7c2cf97f75d009975f4d720d1fa6c19f4897/Lima_Corporate_Orthoalign_Press_Release.pdf|title=LimaCorporate enters into an Agreement for Distribution with Orthalign for Handheld Navigation Device|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref>

Additionally, the company announced the completion of an assets acquisition process with Zimmer Holdings Inc. on July 3, 2015. They acquired the [[Zimmer Biomet|Zimmer]]® Unicompartmental High Flex Knee (ZUK) and Biomet® elbow system for distribution within the [[European Economic Area|European Economic Area (EEA)]], [[Switzerland]] and [[Japan]] as well as the Biomet® complete knee system for Denmark and Sweden.<ref name=":3">{{Cite web|url=https://limacorporate.com/repo/press/fe5dbbcea5ce7e2988b8c69bcfdfde8904aabc1f/Lima_Corporate_Finalis_Closing_Press_Release.pdf|title=LimaCorporate announces completion of Zimmer-Biomet assets acquisition. Combination of assets strengthens Lima in the knee and extremities market|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref> The agreement was approved by the Japanese Fair Trade Commission at the end of the same year.<ref name=":4">{{Cite web|url=https://limacorporate.com/repo/press/ac3478d69a3c81fa62e60f5c3696165a4e5e6ac4/Lima%20Corporate_Japan_Closing_Press_Release.pdf|title=Lima Corporate completes acquisition of Zimmer Biomet assets in Japan|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref>

In 2016, [[EQT Partners|EQT]], with [[Hansjörg Wyss]] as the co-investor, completed the acquisition process for the majority of shares of LimaCorporate.

In 2018, LimaCorporate acquired TechMah Medical LLC, a medical device software company located in [[Tennessee]] (USA), to offer digital applications that complement their hardware portfolio.<ref name=":5">{{Cite web|url=https://limacorporate.com/repo/press/31bd9b9f5f7b338e41b56183a2f3008b541d7c84/LIMACORPORATE_ANNOUNCES_MILESTONE-BASED_ACQUISITION_OF_TECHMAH_MEDICAL_LLC_English.pdf|title=LimaCorporate announces milestone-based acquisition of Techmah Medical LLC to expand digital footprint in orthopaedics|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref>

In 2019, LimaCorporate announced the completion of a distribution agreement with G21 S.r.l. to supply cement spacer molds for the shoulder, hip and knee as well as antibiotic-loaded bone cement.<ref>{{Cite web|url=https://limacorporate.com/repo/press/e993215bfdaa515f6ea00fafc1918f549119f993/LIMACORPORATE_ENTERS_INTO_AN_AGREEMENT_FOR_DISTRIBUTION_WITH_G21_FOR_SPACEFLEX_CEMENT_SPACER_PORTFOLIO.pdf|title=LimaCorporate enters into an Agreement for distribution with G21 for Spaceflex Cement Spacer Portfolio|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref> Additionally, the company entered into an agreement with Dedienne Santé S.a.s. to distribute dual mobility acetabular cups in the European Economic Area (EEA) and Switzerland.<ref>{{Cite web|url=https://limacorporate.com/repo/press/12f0de3dc76e067d21ed85125716e02e9f1e69f0/LIMACORPORATE_ENTERS_INTO_AN_AGREEMENT_WITH_DEDIENNE_SANTÉ_FOR_DISTRIBUTION_OF_DUAL_MOBILITY_CUPS.pdfc|title=Limacorporate enters into an Agreement with Dedienne Santé for Distribution of Dual Mobility Cups|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref>

==Products & technologies==
Since 2007, LimaCorporate has been a pioneer in the 3D printing of standard and custom implants for Orthopedic applications and conceived, produced and patented the T''T'' technology, the next generation in additive manufacturing technology. LimaCorporate boosted over ten years of clinical heritage with 3D printed implants.<ref>{{Cite web|url=https://limacorporate.com/aboutus.html?b=technology|title=LimaCorporate - Technology|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref>


==Corporate governance==
==Corporate governance==


Since March 2016, LimaCorporate has been owned by EQT Private Equity.<ref name=":7">{{Cite web |title=Shareholders |url=https://limacorporate.com/en/about-us/shareholders.html}}</ref> As of March 2022, EQT's assets under management were {{Currency|90.0 billion|EUR|passthrough=yes}}.<ref name=":7" />
Since March 2016, LimaCorporate has been owned by [[EQT Partners|EQT]], with the family office of a successful Orthopedic entrepreneur as the co-investor.<ref>{{Cite web|url=https://limacorporate.com/repo/press/9e6a55b6b4563e652a23be9d623ca5055c356940/Lima_EQT_Closing_Press_Release_1_March.pdf|title=EQT AND HANSJÖRG WYSS NEW OWNERS OF LIMA CORPORATE|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref> EQT is a differentiated global investment organization with EUR 62 billion of commitments raised since its inception.<ref name=":6">{{Cite web|url=https://www.eqtgroup.com/;|title=EQT Group|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref> EQT has portfolio companies in Europe, Asia and the US with total sales of EUR 21 billion and approximately 127,000 employees.<ref name=":6" />


Since September 2022, Massimo Calafiore has held the role of CEO.<ref>{{Cite web |title=Massimo Calafiore appointed as new LimaCorporate CEO |url=https://limacorporate.com/repo/press/752ae7bdbb96bf25280b55990570beabf2048ce0/Press-Release_LimaCorporate_Massimo-Calafiore_new_CEO_12.9.2022.pdf}}</ref> Michele Marin has been the CFO since March 2018.<ref>{{Cite web |title=Michele Marin Appointed as New Member of The Italian Board of Directors |url=https://limacorporate.com/repo/press/1f1362ea41d1bc65be321c0a378a20159f9a26d0/MICHELE_MARIN_APPOINTED_AS_NEW_MEMBER_OF_THE_ITALIAN_BOARD_OF_DIRECTORS.PDF}}</ref> LimaCorporate's advisory board includes:<ref name=":7" />
LimaCorporate’s Advisory Board includes Industry Experts who support the company’s growth:


* Michel Orsinger, Chairman of the Board
* Lars Rasmussen, Chairperson of the Board
⚫
* Matteo Thun, Board Member
⚫
* Xavier Berling, Board Member
* Doug Kohrs, Board Member
* Doug Kohrs, Board Member
* Eric Lohrer, Board Member
* Eric Lohrer, Board Member
* Massimo Rossi, Board Member
* Petra Rumpf, Board Member
⚫
* Michael Bauer, Board Member
⚫
* Rodrigo Bianchi, Board Member
*Petra Rumpf, Board Member


In September 2023, EQT Private Equity announced the sale of LimaCorporate to the NYSE-listed Enovis Group. The transaction is expected to close in early 2024.<ref>{{Cite web |title=EQT Private Equity to sell LimaCorporate to Enovis: The Italian site in San Daniele del Friuli will remain the fulcrum of production, benefiting from new investments |url=https://limacorporate.com/repo/press/19187dc98dce52fa4c4e8e05b341a9b77a51fd26/01.PRESS-RELEASE-LIMACORPORATE-EN.pdf}}</ref>
Luigi Ferrari has been the CEO of LimaCorporate since November 2012, and Michele Marin has been the CFO since March 2018.<ref>{{Cite web|url=https://limacorporate.com/repo/press/1f1362ea41d1bc65be321c0a378a20159f9a26d0/MICHELE_MARIN_APPOINTED_AS_NEW_MEMBER_OF_THE_ITALIAN_BOARD_OF_DIRECTORS.PDF|title=Michele Marin appointed as new Member of the Italian Board of Directors|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref>


⚫
==References==
==Recent acquisitions==
⚫
{{Reflist}}


{{Authority control}}
=== 2015 ===
The company announced the completion of an assets acquisition process with Zimmer Holdings Inc. on July 3, 2015. They acquired the Zimmer® Unicompartmental High Flex Knee (ZUK) and Biomet® elbow system for distribution within the European Economic Area (EEA), Switzerland and Japan as well as the Biomet® complete knee system for Denmark and Sweden.<ref name=":3" /> The agreement was approved by the Japanese Fair Trade Commission at the end of the same year.<ref name=":4" />

=== 2018 ===
In 2018, LimaCorporate acquired TechMah Medical LLC, a medical device software company located in Tennessee (USA), to offer digital applications that complement their hardware portfolio.<ref name=":5" />

==Awards==

LimaCorporate’s awards include the following:

* SMAU Innovation Award 2017<ref>{{Cite web|url=https://www.smau.it/milano17/success_stories/lima-corporate-un-sistema-informativo-per-ricerca-sviluppo-e-produzioni-avanzate/|title=SMAU Innovation Award 2017|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref>
* Award for the Best Strategy for Capital Market Use in 2016-2017 <ref>{{Cite web|url=http://194.185.224.107/news/dettaglio_news.asp?id=201802141820338057&chkAgenzie=TMFI&sez=news&testo=equita&titolo=Equita:%20premiate%20le%20societ%C3%A0%20per%20la%20migliore%20strategia%20di%20utilizzo%20del%20mercato%20dei%20capitali|title=Best Strategy for Capital Market Use in 2016-2017|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref>
* Diversity and Inclusion Award 2018 <ref>{{Cite web|url=http://www.cesop.it/2018/06/05/diversity-day-milano-unedizione-da-record/|title=Diversity and Inclusion Award 2018|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref>

⚫
==References==
⚫
<br />{{Reflist}}


[[Category:Companies based in Friuli-Venezia Giulia]]
[[Category:Companies based in Friuli-Venezia Giulia]]
[[Category:Pharmaceutical companies of Italy]]
[[Category:Pharmaceutical companies of Italy]]
[[Category:Pharmaceutical companies established in 1945]]
[[Category:Pharmaceutical companies established in 1945]]
[[Category:2024 mergers and acquisitions]]

Latest revision as of 07:02, 1 September 2024

LimaCorporate
Company typeMedical devices
Founded1945; 79 years ago (1945), in Friuli-Venezia Giulia, Italy
FounderCarlo Leopoldo Lualdi
HeadquartersVillanova, San Daniele del Friuli, Italy
Key people
Matt Trerotola (Enovis CEO)
Louie Vogt (Group President Recon)
Benjamin Reinmann (President of Enovis International Surgical)
ProductsMedical devices
OwnerEnovis (2024–present)
Websitewww.limacorporate.com

LimaCorporate is a medical device company based in Italy, it manufactures joint implants, extremities and fixation.[1] In 2021, the company delivered 3D printing to a hospital setting.[2] Both Italian production plants of LimaCorporate have been certified ISO 14001.[3]

In September 2023, Enovis announced that it had reached an agreement to acquire the company for approximately €800 million.[4] On January 3, 2024, it was reported that the purchase of LimaCorporate had been completed.[5]

History

[edit]

Engineer and entrepreneur, Carlo Leopoldo Lualdi, LimaCorporate's founder, began producing surgical instruments in 1945.[6] In 2000, Lima began specializing in the production of orthopedic implants.[6] In the early 2000s, LimaCorporate began developing electron-beam melting (EBM) technology, a form of additive manufacturing.[6] In 2007, the company's first acetabular cup was developed.[6]

Lima later announced the completion of a Distribution Agreement with OrthAlign, Inc. for a tibial/femoral handheld navigation device and associated instrumentation to be supplied within the European Economic Area (EEA) and Switzerland (excluding Romania).[7] In addition, the company announced the completion of an assets acquisition process with Zimmer Holdings Inc. on July 3, 2015.[8] The agreement was approved by the Japanese Fair Trade Commission at the end of the same year.[9]

In 2016, EQT, with Hansjörg Wyss as the co-investor, completed the acquisition process for a majority share of LimaCorporate.[10] In 2018, LimaCorporate acquired TechMah Medical LLC, a medical device software company located in the United States.[11] In 2019, LimaCorporate and the Hospital for Special Surgery (HSS) announced the foundation of an additive manufacturing 3D printing facility in a hospital setting.[12] LimaCorporate announced the completion of a distribution agreement with G21 S.r.l. to supply cement spacer molds for the shoulder, hip and knee as well as antibiotic-loaded bone cement.[13] Additionally, the company entered into an agreement with Dedienne Santé S.a.s. to distribute dual mobility acetabular cups in the European Economic Area (EEA) and Switzerland.[14]

In 2020, LimaCorporate inaugurated spaces for 3D Printing at its headquarter campus of San Daniele del Friuli, Italy.[15] In the same year, LimaCorporate became the first Italian company to obtain the EU Quality Management System Certificate under Medical Devices Regulation (MDR) for Class III Custom-Made devices.[16] On March 24, 2021, LimaCorporate opened the ProMade PoC Center for Complex Orthopedic Solutions at the Hospital for Special Surgery (HSS).[17]

Corporate governance

[edit]

Since March 2016, LimaCorporate has been owned by EQT Private Equity.[18] As of March 2022, EQT's assets under management were €90.0 billion.[18]

Since September 2022, Massimo Calafiore has held the role of CEO.[19] Michele Marin has been the CFO since March 2018.[20] LimaCorporate's advisory board includes:[18]

  • Lars Rasmussen, Chairperson of the Board
  • Matteo Thun, Board Member
  • Xavier Berling, Board Member
  • Doug Kohrs, Board Member
  • Eric Lohrer, Board Member
  • Petra Rumpf, Board Member

In September 2023, EQT Private Equity announced the sale of LimaCorporate to the NYSE-listed Enovis Group. The transaction is expected to close in early 2024.[21]

References

[edit]
  1. ^ "History". LimaCorporate. Archived from the original on March 27, 2016. Retrieved 2019-11-28.
  2. ^ "LimaCorporate Heads First 3D Printing Site on Hospital Campus to Address Complex Custom Orthopedic Implants" (PDF). LimaCorporate.
  3. ^ "Environment".
  4. ^ "Enovis to Acquire LimaCorporate S.p.A." Enovis. September 28, 2023. Archived from the original on December 15, 2023.
  5. ^ "Enovis Completes Acquisition of LimaCorporate S.p.A". Enovis. Wilmington, Delaware. January 3, 2024. Retrieved 2024-01-24.
  6. ^ a b c d "Our History". LimaCorporate.
  7. ^ "LimaCorporate Enters into an Agreement for Distribution With Orthalign for Handheld Navigation Device" (PDF). LimaCorporate. August 6, 2015.
  8. ^ "LimaCorporate Announces Completion of Zimmer-Biomet Assets Acquisition" (PDF). LimaCorporate. July 3, 2015.
  9. ^ "LimaCorporate Completes Acquisition ff Zimmer Biomet Assets in Japan" (PDF).
  10. ^ "EQT and Hansjörg Wyss New Owners of LimaCorporate" (PDF).
  11. ^ "LimaCorporate Announces Milestone-Based Acquisition of Techmah Medical LLC to Expand Digital Footprint in Orthopaedics" (PDF). LimaCorporate. 6 September 2018.
  12. ^ "LimaCorporate Heads First 3D Printing Site on Hospital Campus to Address Complex Custom Orthopedic Implants" (PDF). LimaCorporate. January 7, 2019.
  13. ^ "LimaCorporate Enters into an Agreement for Distribution With G21 for Spaceflex Cement Spacer Portfolio" (PDF).
  14. ^ "LimaCorporate Enters into an Agreement with Dedienne Santé for Distribution of Dual Mobility Cups" (PDF).
  15. ^ "LimaCorporate Inaugurates the New Research & Innovation Center for 3D Printing and the Advanced Laboratory for Testing and Analysis (ATLAs)" (PDF).
  16. ^ "LimaCorporate is the First Italian Company to Obtain the EU Quality Certificate Under the MDR" (PDF).
  17. ^ "LimaCorporate and HSS Partner to Open First Provider-Based Design and 3D Printing Center for Complex Joint Reconstruction Surgery" (PDF).
  18. ^ a b c "Shareholders".
  19. ^ "Massimo Calafiore appointed as new LimaCorporate CEO" (PDF).
  20. ^ "Michele Marin Appointed as New Member of The Italian Board of Directors" (PDF).
  21. ^ "EQT Private Equity to sell LimaCorporate to Enovis: The Italian site in San Daniele del Friuli will remain the fulcrum of production, benefiting from new investments" (PDF).
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