Össur acquires Medi Prosthetics
(Thomson Reuters ONE) -
Reykjavik, 7 September 2016
Össur has acquired Medi Prosthetics from Medi, with effect from 1 September
2016. Medi Prosthetics is a global provider of mechanical lower limb prosthetic
components, located in Bayreuth, Germany. In 2015, total sales amounted to EUR
15 million (USD 17 million). The integration of the business is expected to be
concluded in 2017.
This acquisition enables Össur to take another step to complete its prosthetics
offering and further strengthen its global market position. Medi Prosthetics
offers a well-respected mechanical product line with strongholds in the knee and
liner segment.
Jon Sigurdsson, President & CEO of Össur:
"We are pleased to welcome the employees of Medi Prosthetics to the Össur team.
This acquisition enables us to take another step to complete our prosthetics
offering and further strengthen our global market position."
Contact persons:
Jon Sigurdsson, President & CEO Tel:
+354 515 1300
Sveinn Solvason, CFO Tel:
+354 515 1300
Össur press releases by e-mail
If you wish to receive Össur press releases by e-mail please register at the
following web-site: http://www.ossur.com/investormailings
About Össur
Össur (NASDAQ: OSSR) is a global leader in non-invasive orthopaedics that help
people live a life without limitations. Its business is focused on improving
people's mobility through the delivery of innovative technologies within the
fields of braces, supports and prosthetic limbs. A recognized "Technology
Pioneer", Össur invests significantly in research and product development; its
award-winning designs ensuring a consistently strong position in the
market. Successful patient and clinical outcomes are further empowered via
Össur's educational programs and business solutions. Headquartered in Iceland,
Össur has major operations in the Americas, Europe and Asia, with additional
distributors worldwide. www.ossur.com
About Medi
medi's products and healthcare concepts make it one of the leading manufacturers
of medical aids. Around 2,400 employees worldwide make a major contribution to
helping people feel better. The product range includes medical compression
stockings, adjustable compression care, supports, orthoses, thrombosis
prophylaxis stockings, compression garments and shoe insoles. Furthermore, over
65 years' experience in the field of compression technology have been channelled
into the development of the sports and fashion product brands CEP and ITEM m6.
With its worldwide network of distributors and own branch offices, the company
delivers to over 90 countries all over the world. www.medi.de
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ossur Hf via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 07.09.2016 - 14:00 Uhr
Sprache: Deutsch
News-ID 493262
Anzahl Zeichen: 3453
contact information:
Town:
Reykjavik
Kategorie:
Business News
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"Össur acquires Medi Prosthetics"
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