| THUASNE acquires Townsend Design |
| I have the great pleasure to announce you that Thuasne Group has just acquired the US Company Townsend Design, based in Bakersfield, California, USA. Townsend Design is a family business founded in 1984 by Jeff Townsend. Its business is to manufacture and sell a complete range of rigid knee-braces. This range includes standard and made-to-measure braces made out of aluminum, titanium or carbon fibers. Townsend Design owns a lot of patents. Townsend Design’s turnover is 19 millions $, 90% of which are made in the United-States and 10% with international sales. Townsend Design has 130 employees. Townsend Design brings to Thuasne Group a complete range of rigid braces, which is fully complementary to our own range of products. Besides, Townsend Design will become Thuasne Group’s platform in the United-States. The 130 employees of Townsend Design will be maintained within the company, as well as the management team. Thanks to this acquisition, Thuasne Group’s turnover will be over 150 millions euros in 2011 and the share realized with international sales will reach 42%. By doing this acquisition, the family-owned Group Thuasne shows its permanent will and determination to invest and to develop its business in new geographic regions of the world, as well as in new product ranges that are complementary to its core business. This follows its strategy of capital continuity and independence. Elizabeth Ducottet CEO |
 |
| THUASNE acquires Thämert Group |
| THUASNE Deutschland GmbH, the German subsidiary of the THUASNE Group, one of the leading European suppliers of orthopedic devices, purchases at 100 % Thämert GmbH & Co. KG and all related national and international daughter- and manufacturing corporations effective August 1st, 2008. Both enterprises are working in the area of the orthopedic devices and cooperate in Germany essentially with the same customer groups. Abroad, the subsidiaries in Italy, Spain and the United Kingdom belong to the Thämert group. THUASNE improves hereby particularly its market position in Germany in the area of the orthopedic devices. Besides the existing product range of Orthotics, Belts and soft goods, which are offered by both companies, THUASNE purchases in addition with Silima a high-quality and complete product range in the area of the external breast prosthesis, which is nationally and internationally one of the leading brands. Furthermore, these product divisions are completed by the compression garments CICATREX, the medical hosiery range VENO and products for the rehabilitation like nursing beds, aids for daily living and mobility aids. THUASNE has one of the most comprehensive ranges of products to offer to the specialized dealers and O&P shops. The support for the customers in Germany will continue to be done by the usual contact persons in the sales offices as well as the salesmen in the field of the two respective companies. Further Information: Thuasne Deutschland GmbH Hauptstr. 16 35099 Burgwald Tel: 0049 6451/7212223 http://www.thuasne.de |
