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Embla Medical hf: Embla Medical signs agreement to invest in a majority share in Streifeneder ortho.production GmbH
Prnewswire· 2025-07-17 12:25
Core Viewpoint - Embla Medical has signed an agreement to acquire a 51% majority share in Streifeneder ortho.production GmbH, enhancing its position in the global orthopaedic market and expanding its product offerings [1][3]. Company Overview - Embla Medical is a leading global provider of innovative mobility solutions, with a mission to improve people's mobility and a workforce of over 4,000 employees [10]. - Streifeneder ortho.production GmbH is an international developer and supplier of orthopaedic mobility solutions, employing around 100 people and generating sales of EUR 25 million (approximately USD 29 million) in 2024 [2][10]. Market Position and Growth Potential - The investment allows Embla Medical to become a full-range provider in the global orthopaedic and prosthetics (O&P) market, particularly strengthening its presence in Germany, the second largest O&P market globally [3][5]. - Streifeneder is expected to grow in line with the global prosthetics market, projected to increase by 5-7% in the near term [3]. Financial Details - The transaction involves the issuance of 2,805,135 new shares at a price of DKK 33.26 each, raising DKK 93 million (EUR 12.5 million) in total share capital [6]. - The financial impact of the transaction is not expected to materially affect Embla Medical's financial guidance for 2025 [8]. Strategic Fit - The acquisition aligns with Embla Medical's Growth'27 strategy, enabling the company to reach more patients and expand its product offerings [5]. - The combination of Embla Medical and Streifeneder is anticipated to enhance customer experience and secure a leading position in the O&P market [6].
Bionic P&O Chosen as First Distributor of Ekso Indego® Personal Within the Orthotics & Prosthetics Industry
Newsfilter· 2025-04-23 12:16
Core Insights - Ekso Bionics Holdings, Inc. has appointed Bionic Prosthetics & Orthotics Group LLC as a non-exclusive distributor for its Ekso Indego® Personal device, enhancing its market reach in the orthotics and prosthetics industry [1][3] Company Overview - Ekso Bionics is a leader in exoskeleton technology, focusing on medical and industrial applications, with a mission to improve health and quality of life through advanced robotics [4] - The company is headquartered in the San Francisco Bay Area and is listed on the Nasdaq Capital Market under the symbol "EKSO" [4] Product Details - The Ekso Indego Personal is a lightweight, portable lower extremity powered exoskeleton designed for individuals with spinal cord injuries, enabling them to stand and walk independently [2] - It features a modular quick connect design for ease of use, allowing users to put on and take off the device without assistance [2] - The device has shown to help users achieve faster walking speeds, enhancing their independence in the community [2] Strategic Partnership - The collaboration with Bionic P&O is seen as a strategic move to leverage their expertise in the orthotics and prosthetics market, which is crucial for the successful marketing and distribution of the Ekso Indego Personal [3] - Bionic P&O, founded in 2007, operates across 12 states and is fully accredited, employing certified practitioners in various specialties [5] Market Impact - The partnership aims to empower individuals with spinal cord injuries to pursue their goals of walking again, potentially transforming the orthotics and prosthetics industry [3]