Össur acquires Touch Bionics
Announcement from Össur hf. No: 37/2016 Reykjavik, 11 April 2016 Össur has today signed an agreement to acquire Touch Bionics Limited, a leading global provider of innovative upper limb prostheses and supporting services. Touch Bionics has over 120 employees with operations in Scotland, Germany, and the United States. In 2015, total sales amounted to GBP 15 million (USD 21 million) with an adjusted EBITDA of GBP 0.9 million (USD 1.3 million). The purchase price is GBP 27.5 million (USD 39 million), on a debt and cash free basis. The acquisition is completed as of today and