Mittwoch, 21. Februar 2018

  • Pressemitteilung BoxID 421595

Private Equity partner acquires 67% of aap's subsidiary for Orthopaedic products for the Asian market

Berlin, (lifePR) - aap Implantate AG (XETRA: AAQ.DE) and a British Virgin Island-based Private Equity Company ("PE Company") announced today that they have entered a joint venture for aap's reconstructive implant business in the greater Asian market. Under the terms of the agreement, the PE Company will acquire 67% of the shares of aap's reconstructive implant subsidiary, aap Joints GmbH, for a consideration of EUR 3 million in cash, subject to adjustments for working capital. The notary authorization of all agreements is scheduled July 3rd.

aap Joints GmbH focuses on reconstructive implants (hips, knees, shoulder) and related products, including the bone cement brand C-ment®. In 2012 aap Joints GmbH recorded sales of EUR 2.2 million. Outside of the greater Asian market, aap Joints GmbH will continue to serve its existing customer base in Europe and the Middle East.

aap Implantate AG will update its guidance for the third quarter and the full year 2013 to include the impact of the joint venture in conjunction with the publication of the report for the second quarter on August 14, 2013.

This release contains forward-looking statements based on current experience, estimates and projections of the management board and currently available information. They are not guarantees of future performance. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. Many factors could cause the actual results, performance or achievements of aap to be materially different from those that may be expressed or implied by such statements. These factors include those discussed in aap's public reports. Forward-looking statements therefore speak only as of the date they are made. aap does not assume any obligation to update the forward-looking statements contained in this release or to conform them to future events or developments.

aap Implantate AG

aap is a global medical device company headquartered in Berlin, Germany that develops, manufactures and markets innovative biomaterials and implants that are used in orthopedic procedures. The Company's products, which include a full line of plating systems, cannulated screws and bone cement products, are primarily used in the orthopedic specialty areas of trauma and spine repair. The Company's products are sold through its direct sales force, distribution partners and license agreements with OEM partners. aap's stock is listed in the Prime Standard segment of the Frankfurt Stock Exchange. For more information, please visit, or download the Company's investor relations app from the Apple's App Store or Google Play.

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