Cochlear acquires Entific Medical Systems.
NORDIC BUSINESS REPORT-4 March 2005-Cochlear acquires Entific Medical Systems(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com
The Swedish holding company Investor AB said on Friday (4 March) that it had together with CapMan and Nobel Biocare agreed to sell their jointly-owned hearing implants company Entific Medical Systems to the Australian implant technology group Cochlear for a total of SEK1,050m.
Entific Medical Systems, created in 1999 as a spin-off from Nobel Biocare, develops and markets hearing implants for rehabilitation of conductive and mixed hearing losses. It reported sales of SEK211.5m in 2004.
One Swedish krona (SEK) is worth approximately 0.08 British pounds (GBP).
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| Publication: | Nordic Business Report |
|---|---|
| Article Type: | Brief Article |
| Geographic Code: | 4EUSW |
| Date: | Mar 4, 2005 |
| Words: | 119 |
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