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Home Industry News DJO Global announces Exos takeover

DJO Global announces Exos takeover

2nd January 2013

DJO Global has announced the acquisition of the innovative medical technology manufacturer Exos Corporation, a deal that was completed on December 28th 2012.

Exos is based in Minnesota and is focused on the development of a groundbreaking thermoformable external musculoskeletal stabilisation system, which is currently awaiting US regulatory approval.

DJO is already the distribution partner for Exos, meaning the deal will not affect the company's net sales but will improve its operating margins and income from the sale of Exos products.

The combination of Exos' technology and DJO's commercial capabilities over the last 15 months has been greatly beneficial to DJO's efforts to expand its presence in this particular market area.

Steve Ingel, president of DJO Global's bracing and supports business unit, said: "We welcome the entire Exos team to our DJO Global family and look forward to working together with them to launch more products incorporating the Exos technology."

According to its most recent financial report, the company achieved year-on-year net sales growth of 4.1 percent during the third quarter of 2012.ADNFCR-8000103-ID-801515206-ADNFCR

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