Ossur Hf : Össur acquires College Park Industries
Reykjavik, 19 July 2019
Össur has signed an agreement to acquire College Park Industries, a global provider of lower and upper limb prostheses and supporting services. College Park has over 140 employees and is headquartered in Detroit, USA. Total sales amounted to USD 22 million in 2018.
College Park will largely remain independent and continue to diligently serve its customer base, while allowing the combined entity to achieve strategic efficiencies. Össur is committed to growing the College Park brand over the coming years both in the United States and international markets.
Together, both companies will be well-positioned to enhance their offerings in both lower and upper limb prosthetics. With this acquisition, Össur hopes to support College Park’s focus on the lower active population and further strengthen its established presence in the upper limb arena. Mutual access to technology and products will enable a more comprehensive product and service offering to customers around the world. This acquisition is yet another display of Össur’s commitment to elevating customer experience and improving people’s mobility.
The transaction will be financed through existing loan facilities and does not affect the existing share buyback program. Closing is expected later in 2019 subject to closing conditions and regulatory review. The acquisition will not have an impact on the financial guidance provided for the full year.
Jon Sigurdsson, President & CEO of Össur:
“College Park has created a strong brand presence over the past decades, recognized for its quality products and stellar service. It has also made important strides towards technology upgrade in the upper limb arena, an area where Össur hopes to support further development. We believe the joint efforts of the two brands will benefit our customers’ experience worldwide, all the while focusing on delivering the best solution for the end-user.”
Bill Carver, President & COO of College Park:
"We are very excited about Össur’s plans to strengthen the College Park brand. We look forward to becoming a part of the Össur organization and benefiting from some of the great innovation Össur is known for. We share the same vision of helping amputees live a life without limitations and ensuring superior service to our customers."
Jon Sigurdsson, President & CEO, +354 515 1300
Sveinn Solvason, CFO, +354 515 1300
David Hreidarsson, Investor Relations, firstname.lastname@example.org, +354 515 1380
Össur press releases by e-mail
If you wish to receive Össur press releases by e-mail please register at http://www.ossur.com/investors
Össur (NASDAQ: OSSR) is a global leader in non-invasive orthopaedics that help people live a life without limitations. Its business is focused on improving people's mobility through the delivery of innovative technologies within the fields of braces, supports and prosthetic limbs. A recognized "Technology Pioneer", Össur invests significantly in research and product development; its award-winning designs ensuring a consistently strong position in the market. Successful patient and clinical outcomes are further empowered via Össur's educational programs and business solutions. Headquartered in Iceland, Össur has major operations in the Americas, Europe and Asia, with additional distributors worldwide. www.ossur.com
About College Park Industries
College Park is an established global provider of broad and competitive prosthetic solutions. It has been well recognized for providing a varied portfolio of K2-K3 prosthetic feet, with the Truestep and Odyssey lines becoming frequent solutions clinicians reach out for. With its 2015 acquisition of Liberating Technologies, College park ventured into the upper limb arena with its first bionic product – the Espire Elbow launched in April 2019. College Park is the 2018 recipient of the Hanger Service Excellence Award, a demonstration of its continued commitment to deliver unsurpassed customer service alongside competitive products. To learn more, visit www.college-park.com
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
CONDITIONS FOR RIKSBANK BID PROCEDURES SEK GOVERNMENT BONDS7.8.2020 16:20:00 CEST | Press release
Sveriges Riksbank Bid procedure details Government Bonds, 2020-08-14 Maturity dateLoanISIN codeCouponVolume, SEK million2029-11-12 1061SE00112819220.75 %500 +/- 2502032-06-01 1056SE00045172902.25 %500 +/- 250 Settlement date 2020-08-18 Bids have to be entered by 10.00 on AUG 14, 2020 Highest permitted bid volume: 500 SEK million in issue SGB 1061 and 500 SEK million in issue SGB 1056 Lowest permitted bid volume: 50 SEK million Bids only through counterparties approved by the Riksbank RESULT OF AUCTION WILL BE PUBLISHED NO LATER THAN 10.10 (CEST)ON AUG 14, 2020. For more information, please contact: Trading desk at the Riksbank + 46 8 696 6970 General and special terms and conditions can be retrieved at http://www.riksbank.se
CONDITIONS FOR RIKSBANK BID PROCEDURE KOMMUNINVEST BONDS7.8.2020 16:20:00 CEST | Press release
Sveriges Riksbank Bid procedure details Kommuninvest Bonds, 2020-08-11 Maturity dateLoanISIN codeCouponVolume, SEK million2021-09-152109 SE00069950641.00 %500+/- 2502023-02-222302 SE00096629430.75 %500+/- 2502024-10-022410 SE00104692051.00 % 500+/- 250 2026-02-042602 SE00137454520.75 % 500+/- 250 Maximum volume 2 BLN in total Settlement date 2020-08-13 Bids have to be entered by 11.00 on AUG 11, 2020 Highest permitted bid volume: 500 SEK million in issue 2109, 2302, 2410, and 2602. Lowest permitted bid volume: 50 SEK million Bids only through counterparties approved by the Riksbank RESULT OF AUCTION WILL BE PUBLISHED NO LATER THAN 11.15 (CEST) ON AUG 11, 2020 For more information, please contact: Trading desk at the Riksbank + 46 8 696 6970 General and special terms and conditions can be retrieved at http://www.riksbank.se
CONDITIONS FOR RIKSBANK BID PROCEDURES SEK COVERED BONDS7.8.2020 16:20:00 CEST | Press release
Sveriges Riksbank Bid procedure details Covered Bonds, 2020-08-13 Maturity dateLoanISIN codeCouponVolume, SEK million2023-09-20 5533 SE00104427311.25 %1,000 +/- 5002022-12-21 575 SE00105465721.50 %1,000 +/- 500 2023-06-011587SE00104413031.50 %1,000 +/- 5002023-03-15192SE00101332071.00 %1,000 +/- 5002022-12-212212SE00102970851.00 %400 +/- 2502023-09-20516SE00091903901.25 %400 +/- 2502023-06-21144SE00111674281.00 %400 +/- 250 Settlement date 2020-08-17 Bids have to be entered by 10.00 on AUG 13 2020 Highest permitted bid volume: 1,000 SEK million in issue 5533 1,000 SEK million in issue 575 1,000 SEK million in issue 1587 1,000 SEK million in issue 192 400 SEK million in issue 2212 400 SEK million in issue 516 400 SEK million in issue 144 Maximum volume 5 billion SEK in total Lowest permitted bid volume: 50 SEK million Bids only through counterparties approved by the Riksbank RESULT OF AUCTION WILL BE PUBLISHED NO LATER THAN 10.15 (CEST) ON AUG 13, 2020. For more information, please cont
Eurocastle Releases First Half 2020 Financial Results7.8.2020 15:45:00 CEST | Press release
Contact: Oak Fund Services (Guernsey) Limited Company Administrator Attn: Mark Woodall Tel: +44 1481 723450 Eurocastle Releases First Half 2020 Financial Results Guernsey, 7 August 2020 – Eurocastle Investment Limited (Euronext Amsterdam: ECT) today has released its financial report for the six months ended 30 June 2020. Adjusted Net Asset Value (“NAV”) of €13.4 million1, or €7.26 per share2 up €0.48 per share vs. €6.78 per share at Q1 2020 (down €1.06 per share vs. €8.32 per share at Q4 2019) due to: Valuation movements: €0.19 per share increase (4%) in Q2 2020 (€1.43 per share decrease in H1 2020) on the remaining three real estate fund investments€0.05 per share increase (9%) in Q2 2020 (€0.03 per share decrease in H1 2020) on the remaining three NPL and other loan interests Positive reserve and legacy movements of €0.24 per share in Q2 2020 (€0.40 per share increase in H1 2020) The table below summarises the movements in the Adjusted NAV for the quarter: Q1 2020 Q2 Cash Movement
AB Klaipėdos nafta preliminary revenue of the Company for the July 20207.8.2020 15:30:00 CEST | Press release
AB Klaipėdos nafta (further the Company) reviewed operating segments since the beginning of the second quarter of 2020 and presents revenue disclosures accordingly. The following operating segments of the Company are: Oil terminals activity, that includes Klaipėda oil terminal and Subačius oil terminal,Regulated LNG activity in Klaipėda andCommercial LNG activity, that includes small-scale LNG reloading station in Klaipėda and Business development projects. The preliminary sales revenue of the Company’s oil terminals for the July 2020 comprised EUR 2.4 million and is lower by EUR 0.5 million or by 17.2 per cent compared to July of 2019. The preliminary sales revenue is lower due to decrease of transhipment quantities of oil products, compared to the same period of 2019. The preliminary sales revenue of the Company’s oil terminals for the first seven months of 2020 comprised EUR 18.5 million and is the same compared to the first seven months of 2019. The preliminary sales revenue of the
Mandalay Resources tillkännager planerat lanseringsdatum för resultatrapporten för andra kvartalet 2020 samt konferenssamtal7.8.2020 13:06:34 CEST | Pressemelding
TORONTO, Aug. 07, 2020 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation (”Mandalay” eller ”bolaget”) (TSX: MND, OTCQB: MNDJF) tillkännagav idag att andra kvartalets resultatrapport kommer att släppas efter marknadens stängning den 12 augusti 2020. Därefter kommer ett konferenssamtal att hållas med Dominic Duffy, President och Chief Executive Officer på Mandalay, för investerare och analytiker den 13 augusti 2020 klockan 8.00 (Tononto-tid). Analytiker och intresserade investerare inbjuds att delta genom att använda följande uppringningsnummer: Deltagarnummer: +1 201 689 8341Deltagarnummer (avgiftsfritt): +1 877 407 8289Konferens-id:13708185 En inspelning av konferenssamtalet kommer att finnas tillgänglig till kl. 11.59 (Toronto -tid), den 27 augusti 2020, och nås på följande uppringningsnummer: Repris avgiftsfritt uppringningsnummer: +1 877 660 6853Repris-id: 13708185 Mer information: Dominic Duffy President och Chief Executive Officer Edison Nguyen Manager, Analytics och Investor Rel