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Strategic Initiatives

DJO Global to be Acquired by Colfax for $3.15BB in Cash -

Colfax entered into a definitive agreement to acquire DJO Global from private equity funds managed by Blackstone Group for US $3.15BB in cash. The transaction is expected to close in 1Q19. For 2017, DJO reported revenue of $1,186MM, +2.7% vs. 2016; for the 12-month period ending September 2018, DJO’s revenue was $1,203MM. After closing, DJO Global will be reported as a new segment within Colfax and will continue to be led by Brady Shirley, President and CEO. (Colfax Corporation, 11/19/18)