All Stories
Follow
Subscribe to aap Implantate AG

aap Implantate AG

ots Ad hoc-Service: aap Implantate AG <DE0005066609> aap Implantate AG acquires 30% stake in Gesellschaft für Elektro-Osteotherapie (GEOT) mbH

Berlin (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
aap Implantate AG acquires 30% stake
in Gesellschaft für Elektro-Osteotherapie (GEOT) mbH
Option on further 21% - Approved process for promoting and
accelerating bone healing - Great market potential
aap Implantate AG, Berlin, a life science company listed on the
Frankfurt Neuer Markt, has acquired a 30% stake in Munich-based
Gesellschaft für Elektro- Osteotherapie mbH (GEOT). In addition, aap
has an option to acquire a further 21% during the next two years.
Gesellschaft für Elektro-Osteotherapie GmbH has developed a
process for promoting and accelerating bone healing that is
acknowledged to have unique selling prepositions. It has been
approved by Germany's Bundesausschuss der Ärzte und Krankenkassen,
the doctors' and health insurers' regulatory body, and included in
their list of approved aids. The new method markedly improves the
efficiency of treatment in cases of severe traumatic and pathological
bone damage and can be integrated into surgical and orthopaedic
implants. Given that roughly 340,000 prosthetic systems are implanted
each year in Germany alone, aap sees "extraordinary market
potential,". The new process of GEOT can be combined with the aap
products like the BNT (Biorigider Nagel Tibia) sowie BFS (Biorigider
Femur System).
As well as acquiring a stake in the company, aap Implantate AG is
taking over the marketing of GEOT products. Gesellschaft für
Elektro-Osteotherapie GmbH (GEOT) expects its new partner will enable
it to achieve faster technical implementation of developments and
greater market penetration.
The management of aap Implantate AG considers the strategic stake
in GEOT mbH as an "additional strategic step" - independent of the
projects in progress on company acquisitions.
If you have any queries, please contact: aap Implantate AG Bruke
Seyoum Alemu Member of the Board of Management Finance and
Information Technology Lorenzweg 5 12099 Berlin Germany
Tel: +49 (0)30 / 750 19-170 Fax: +49 (0)30 / 750 19-111
End 
Internet: http://recherche.newsaktuell.de

Original content of: aap Implantate AG, transmitted by news aktuell

More stories: aap Implantate AG
More stories: aap Implantate AG