Össur acquires two Swedish prosthetics companies
ÖSSUR has entered into definitive stock purchase agreements to acquire Pi Medical AB and Karlsson & Bergström AB. The closing is scheduled to take place at the end of the month, subject to customary conditions. Both acquisitions are structured as stock-for-stock transactions in which ÖSSUR will exchange a total of 6.9 million of newly issued shares for all outstanding shares of the Swedish companies. The total consideration is ISK 442 million based on the stock price in the transaction, excluding transaction expenses. Approximately one third of the total consideration, will be paid under an