Enovis to acquire eCential Robotics for €155M EV; close expected by year-end 2026

Enovis CORP

Binding offer: €155M enterprise value, ~€176M upfront cash to shareholders, plus up to €35M contingent milestone payments.
Deal adds robotic automation to ASTRA platform; creates robotics center of excellence in Grenoble, France.
Funding via cash on hand and existing revolving credit facility; 2027 adjusted EBITDA margin headwind of ~100 bps.
2027 free cash flow conversion expected to rise to 50% (>$100M), improving further in 2028-2029.
Close subject to regulatory approvals and works council consultation process under French law.

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