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Össur in triple-digit-million acquisition

The Icelandic prosthetics company Össur is paying hundreds of millions for a Swedish company, which will give it a significant share of the Swedish prosthetics market, the company says.

Foto: Össur

The prosthetics company Össur announced this week that it has bought 100 % of the shares in Swedish orthopaedic and prosthetics provider, TeamOlmed.

The price of the acquisition is DKK 269 million (USD 47 million), but it could rise by an additional DKK 43 million (USD 7 million) depending on TeamOlmed's achievement of certain revenue and profitability targets for 2013 and 2014.

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