With the support of TAG Partners (formerly SPE Capital Europe), Oury Medical has strengthened its position in the surgical instrumentation sector with the acquisition of SMAO, a company specializing in the production of cutting tools, drills and ancillaries.
Based in Nogent, in the Haute-Marne region, Oury Medical is a century-old medical device company, member of the French Fab and labeled Entreprise du Patrimoine Vivant (E.P.V.). Thanks to TAG Partners’ investment in September 2022, Oury Medical aims to position itself as a strategic partner in medical instrumentation in France and internationally.
Over the past 20 years, SMAO has developed unique expertise in the manufacture of cutting instruments (rasps, rasp holders, cutting guides, saw blades, etc.), drills and reamers.
The combination of Oury Medical and SMAO will enable the new group to better serve its customers by offering enhanced services and a wider range of instruments capable of meeting market requirements.
Our ambition:
- Continue to provide outstanding products and services to our customers.
- Accelerate our growth in the global market with an expanded product offering.
- Increase our regulatory control, product development and manufacturing potential.
- Cultivate our know-how for the ongoing training of our teams.
- Protecting our planet through responsible manufacturing.
Jean-Luc Chappuis, Chairman of SMAO, comments: “After all these years of building an offer recognized by the orthopedic industry, and developing a team and cutting-edge industrial resources, I am delighted today to open a new chapter by participating in the creation of this project in which the association with Oury Medical will give rise to a more important strategic partner in the instrumentation field. I am confident in the ability of the new shareholders to lead this ambitious project, in line with our know-how, to better serve our customers.”
Christian Oury, President of Oury Medical, comments: “This acquisition is a natural fit with our initial plan to strengthen our global offering in the orthopedic market. The combination of our technologies and the pooling of our systems now positions us as a key partner in orthopedic instrumentation.”
Georges-Alexandre Ancenys, Managing Partner of TAG Partners (formerly SPE Capital Europe), comments: “For us, this acquisition is a logical step in the creation of an agile and structured group serving the orthopedic industry. Above all, I would like to thank and highlight the men and women who have made this association possible, in particular Christian Oury and Jean-Luc Chappuis, who have developed, with conviction and energy, companies recognized in their fields, and who have enabled us to create this ambitious project today.”
About SMAO
SMAO (Société Marnaise d’Applications Orthopédiques) is a company founded in 1989 in Villiers-le-Sec in the Haute-Marne region of France, specializing in the production and marketing of surgical instruments. Over the past 20 years, SMAO has developed unique expertise in the manufacture of cutting instruments (cutting rasps, rasp holders, cutting guides, saw blades, etc.), drills and reamers. SMAO is ISO 13485 certified.
About Oury Medical
Oury Medical is a century-old medical device company, member of the French Fab and labeled Entreprise du Patrimoine Vivant (E.P.V.). Founded in 1909 in Nogent, in the Haute-Marne region of France, Oury Medical has established its position in the development and manufacture of orthopedic instruments and ancillary equipment. Oury Medical’s customers include the largest orthopedic groups in France and abroad.
About TAG Partners (formerly SPE Capital Europe)
TAG Partners, an investment company co-founded and managed by Georges-Alexandre Ancenys, Thierry Manceau and André Wagner, aims to invest in French SMEs with strong potential for transformation and growth. TAG’s founding partners apply their combined experience, know-how and energy to help portfolio SMEs reach their full potential. This support focuses on three main areas:
- Operational transformation
- External growth to improve positioning in the value chain and strengthen the product range
- Activating levers for local and international growth
TAG systematically invites a pool of co-investors (entrepreneurs,
family offices, industry experts, etc.) to join each round of financing, to foster an open exchange of ideas and experience with the management of our portfolio companies.
TAG Partners is affiliated with SPE Capital, an independent investment company with over €500 million in assets under management, operating in the EMEA region.