Össur to acquire Fior & Gentz for €120m.

Össur, company based in Iceland that develops, manufactures and sells non-invasive equipment for orthopaedics, agreed to acquire Fior & Gentz, a medical equipment store, for €120m. “The acquisition of Fior & Gentz is in line with our Growth’27 ambition and a strong strategic fit for Össur in addition to meeting our strategic objective to address chronic mobility challenges in a broader context. We are entering a new but highly complementary product segment, as individuals with certain types of neurological conditions are already served by our primary customer channel, Orthotic & Prosthetic clinics. With Fior & Gentz’s sales largely generated in Germany today, there are commercial synergies in leveraging Össur’s global sales structure to serve a larger patient population. We are very pleased to welcome the Fior & Gentz team to Össur, and I am convinced that our combined efforts will benefit our customers and patients around the world,” Sveinn Sölvason, Össur President and CEO.