Serf entered into exclusive negotiations to acquire Knee prosthesis business from Implanet S.A. for ?5.5 million on September 23, 2021. Knee prosthesis business generated revenue of ?2.1 million in 2020. The transaction is subject to a number of conditions such as the carrying out of audits (financial, technical and regulatory), an agreement regarding the documentation and the approval of certain third parties (financial and commercial). The transaction is expected to take place before the end of the final quarter of 2021. Serf completed the acquisition of Knee prosthesis business from Implanet S.A. on October 29, 2021. In addition to the consideration of ?5 million, price supplement of up to ?0.5 million is also planned for Implanet, paid in the form of a commission on sales made by Serf with the KiCO partner. Knee prosthesis business generated an operating loss of ?0.2 million in 2020. St?phane Rodriguez and Ugo Audouard of Lamartine Conseil acting as a legal advisor to Serf for the transaction. M?lanie Bonanno of Atout Capital acting as a financial advisor and Emmanuelle Porte, Sylvie Hamel and C?line Sol of Bird & Bird acting as a legal advisor to Implanet S.A. for the transaction.