Össur (NSDQ:OSSR) announced today that it acquired Naked Prosthetics and its offerings for finger and partial hand amputees.
Hämeenlinna, Finland-based Össur’s acquisition of Naked Prosthetics, a developer of mechanical devices individually designed to mimic the natural motion of the finger, went into effect on Aug. 26, 2022.
The company said in a news release that its acquisition addresses a critical need for patients with finger and partial hand loss, adding to the Össur product portfolio while strengthening its limb product offerings around the globe. It also allows the company to address a broader group of amputees.
“Naked Prosthetics has developed functional and high-quality finger prostheses that complement our product portfolio and add an important range to our upper limb product offering,” said Össur President and CEO Sveinn Sölvason. “The acquisition strengthens our global market position, and we are pleased to welcome the employees of Naked Prosthetics to the Össur team.”
Naked Prosthetics has around 70 employees with headquarters in Olympia, Washington. Last year, the company brought in $9 million in revenue.
Össur said the acquisition will not impact its financial projections for the year.
“Össur’s global reach and expertise make them an obvious and welcome next step for Naked Prosthetics’ goal of getting more finger amputees back to work and doing what they love,” said Naked Prosthetics CEO Bob Thompson. “We are excited to join forces with the Össur team and continue to grow the partial-hand prosthetic market.”