Ossur Hf : Össur acquires TeamOlmed in Sweden
Announcement from Össur hf. No:15/2013Reykjavik, 21 May 2013Össur acquires TeamOlmed in Sweden Össur has today signed an agreement to acquire 100% of the shares of TeamOlmed,a leading Swedish orthotic and prosthetic (O&P) provider, for SEK 310 million(USD 47 million). Additional payments of up to SEK 50 million (USD 7 million)depend on TeamOlmed meeting certain revenue and profitability targets in 2013and 2014. Össur has a long standing business relationship with TeamOlmed. With theacquisition, Össur gains a significant share of the Swedish O&P market. Össurand