Company secures global supply of top-quality custom cosmesis, hires U.S.
sales and marketing executive
NEWBURGH, NY, USA and LIVINGSTON, Scotland, May 15 /PRNewswire/ - Touch Bionics, developer of the i-LIMB Hand, the world's first commercially available, multi-articulating bionic hand, today announced that it has acquired the complete operations of LIVINGSKIN, the developer of the unique and lifelike prosthetic skin that Touch Bionics supplies with its ground-breaking product. The acquisition will allow Touch Bionics to fulfill growing customer demand from across the world, while applying its commercial and technical expertise into new cosmesis solutions for multi-articulating hands and digits.
In addition, the acquisition of LIVINGSKIN's operations (Aesthetic Concerns Prosthetics, Inc.) provides Touch Bionics with an established physical presence in North America from which to build on the rapid growth that it has already experienced in the region. In the U.S. alone, over 180 patients have already been fitted with the i-LIMB Hand. Touch Bionics' U.S. facility will house, production, technical support, inventory and administration to directly support its growing North American customer base.
Prosthetic and Orthotic Associates, the clinical company previously associated with LIVINGSKIN, is not included in the acquisition and continues to operate independently of the newly combined business.
"This acquisition is hugely significant for Touch Bionics as we are acquiring further technical and competitive advantage in the prosthetics market," said Stuart Mead, Touch Bionics CEO. "LIVINGKSIN provides the world's most advanced cosmesis for upper limb prosthetics and the i-LIMB Hand is the world's most advanced upper limb device. It's a perfect match. The acquisition of LIVINGSKIN provides us with the people, skills and facilities to secure and grow our U.S. operations and global cosmesis supply."
|SOURCE TOUCH BIONICS|
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