Ossur teams up with leading orthopaedic company IMP

Ossur announced today that it has acquired UK company Innovative Medical Products Holdings Ltd (IMP). The company manufactures orthopaedic products and is the UK sector’s largest sales and distribution business.

An important milestone in Ossur’s expansion strategy in the European orthopaedics field, IMP enjoys a strong market position in the UK and serves a diverse range of health care professionals. The company was awarded a prestigious award for “New Product of the Year” in 2004 by the Confederation of British Industry (CBI).

Managing Director of Ossur Europe Olafur Gylfason said: “This is an exciting development for everyone involved. The IMP group of companies bring with them a comprehensive portfolio that complements Ossur’s current product offering very well, while their specialist knowledge and experience will strengthen our UK sales network and contribute to new development opportunities.”

“By joining forces with IMP we aim to further our commitment to exceeding customer expectations in terms of product innovation and service excellence.”

IMP Director Ken Davis added: “This is a great opportunity and I firmly believe that our customers will experience the benefits of us becoming part of a larger, international business. We share Ossur’s commitment and our knowledge of the European orthopaedic market will make a significant contribution to our combined product platform in the region.”

IMP consists of four subsidiaries – Medistox, Technology in Motion, Ortex and IMP manufacturing. Its operations are based in High Wycombe, Blackburn and Wimbledon. The Group was established in 1980 and has close to 100 employees.

Investor information:

For full details of these acquisitions, please see Ossur’s press release.

Source: www.ossur.com

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