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Embla Medical hf: Embla Medical closes the majority share investment in Streifeneder ortho.production GmbH

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Embla Medical (NASDAQ Copenhagen: EMBLA) has successfully completed its majority share acquisition of Streifeneder ortho.production GmbH, now owning 51% of the company. Streifeneder, an international developer of orthopaedic mobility solutions with approximately 100 employees, reported sales of EUR 25 million in 2024, with 70% derived from prosthetics and orthopaedic materials.

To facilitate the transaction, Embla Medical's Board has issued 2,805,135 new shares at DKK 33.26 per share, increasing the company's nominal share capital by 0.7% to ISK 430,441,257. The total value of the share capital increase amounts to DKK 93 million (EUR 12.5 million). The sellers have agreed to a two-year lock-up period for the new shares.

The transaction is not expected to materially impact Embla Medical's 2025 financial guidance.

Embla Medical (NASDAQ Copenhagen: EMBLA) ha completato con successo l'acquisizione della quota di maggioranza di Streifeneder ortho.production GmbH, detenendone ora il 51%. Streifeneder, sviluppatore internazionale di soluzioni per la mobilità ortopedica con circa 100 dipendenti, ha registrato nel 2024 ricavi di EUR 25 milioni, di cui il 70% derivante da protesi e materiali ortopedici.

Per finanziare l'operazione, il Consiglio di amministrazione di Embla Medical ha emesso 2.805.135 nuove azioni al prezzo di DKK 33,26 per azione, incrementando il capitale sociale nominale dello 0,7% fino a ISK 430.441.257. Il valore totale dell'aumento di capitale è di DKK 93 milioni (EUR 12,5 milioni). I venditori hanno accettato un periodo di lock-up di due anni sulle nuove azioni.

L'operazione non dovrebbe avere un impatto significativo sulle previsioni finanziarie di Embla Medical per il 2025.

Embla Medical (NASDAQ Copenhagen: EMBLA) ha completado con éxito la adquisición de la participación mayoritaria de Streifeneder ortho.production GmbH, poseyendo ahora el 51% de la compañía. Streifeneder, desarrollador internacional de soluciones de movilidad ortopédica con aproximadamente 100 empleados, registró ventas de EUR 25 millones en 2024, de las cuales el 70% provino de prótesis y materiales ortopédicos.

Para facilitar la transacción, la Junta de Embla Medical emitió 2.805.135 nuevas acciones a DKK 33,26 por acción, aumentando el capital social nominal en un 0,7% hasta ISK 430.441.257. El valor total del aumento de capital asciende a DKK 93 millones (EUR 12,5 millones). Los vendedores han aceptado un periodo de bloqueo (lock-up) de dos años para las nuevas acciones.

Se espera que la transacción no afecte materialmente a la guía financiera de Embla Medical para 2025.

Embla Medical (NASDAQ Copenhagen: EMBLA)Streifeneder ortho.production GmbH� 과반� 지� 인수� 성공적으� 완료하여 현재 해당 회사� 51%� 보유하게 되었습니�. � 100명의 직원� � 정형외과 이동� 솔루션의 국제� 개발업체� Streifeneder� 2024� 매출 EUR 2,500�� 보고했으�, � � 70%� 의수·보조� � 정형외과 자재에서 발생했습니다.

거래� 위해 Embla Medical 이사회 주당 DKK 33.262,805,135�� 신주� 발행하여 명목자본금을 0.7% 증가시켜 ISK 430,441,257� 만들었습니다. 증자 규모� � DKK 9,300� (EUR 1,250�)입니�. 매도자들은 신주� 대� 2년간 락업 기간� 동의했습니다.

이번 거래� Embla Medical� 2025� 재무 가이던스에 중대� 영향� 미치지 않을 것으� 예상됩니�.

Embla Medical (NASDAQ Copenhagen: EMBLA) a finalisé avec succès l'acquisition de la participation majoritaire de Streifeneder ortho.production GmbH, détenant désormais 51 % de la société. Streifeneder, développeur international de solutions de mobilité orthopédique employant environ 100 personnes, a déclaré un chiffre d'affaires de 25 M� en 2024, dont 70 % proviennent des prothèses et des matériaux orthopédiques.

Pour faciliter la transaction, le conseil d'administration d'Embla Medical a émis 2 805 135 nouvelles actions au prix de DKK 33,26 par action, augmentant le capital social nominal de 0,7 % pour atteindre ISK 430 441 257. La valeur totale de l'augmentation de capital s'élève à DKK 93 millions (EUR 12,5 millions). Les vendeurs ont accepté une période de blocage (lock-up) de deux ans pour les nouvelles actions.

La transaction ne devrait pas avoir d'impact significatif sur les prévisions financières d'Embla Medical pour 2025.

Embla Medical (NASDAQ Copenhagen: EMBLA) hat die Mehrheitsbeteiligung an der Streifeneder ortho.production GmbH erfolgreich abgeschlossen und hält nun 51 % des Unternehmens. Streifeneder, ein internationaler Entwickler orthopädischer Mobilitätslösungen mit rund 100 Mitarbeitern, meldete für 2024 einen Umsatz von EUR 25 Millionen, davon 70 % aus Prothesen und orthopädischen Materialien.

Zur Abwicklung der Transaktion hat der Vorstand von Embla Medical 2.805.135 neue Aktien zu je DKK 33,26 ausgegeben und das nominale Grundkapital um 0,7 % auf ISK 430.441.257 erhöht. Der Gesamtwert der Kapitalerhöhung beläuft sich auf DKK 93 Millionen (EUR 12,5 Millionen). Die Verkäufer haben einer zweijährigen Sperrfrist (Lock-up) für die neuen Aktien zugestimmt.

Die Transaktion wird voraussichtlich keine wesentlichen Auswirkungen auf die Finanzprognose von Embla Medical für 2025 haben.

Positive
  • Strategic acquisition of 51% stake in Streifeneder expands Embla's orthopaedic mobility solutions portfolio
  • Streifeneder generates significant revenue of EUR 25 million (2024) with 70% from prosthetics and orthopaedic materials
  • Sellers commit to long-term alignment with a two-year lock-up period on newly issued shares
  • Minimal share dilution of only 0.7% from the transaction
Negative
  • Share capital increase of DKK 93 million through new share issuance
  • No immediate material positive impact expected on 2025 financial guidance

Insights

Embla Medical's 51% acquisition of Streifeneder strengthens its orthopedic portfolio but has minimal immediate financial impact.

Embla Medical has officially completed its 51% majority stake acquisition in Streifeneder ortho.production, a strategic move that expands its orthopedic mobility solutions portfolio. Streifeneder brings approximately EUR 25 million (USD 29 million) in annual sales, with ~70% derived from prosthetics and orthopedic materials, complementing Embla's existing operations.

The transaction structure reveals thoughtful financial engineering. Embla issued 2,805,135 new shares at DKK 33.26 per share, diluting existing shareholders by only 0.7% while raising DKK 93 million (EUR 12.5 million). The sellers have agreed to a two-year lock-up period, demonstrating their confidence in the combined entity's future performance and aligning their interests with existing shareholders.

While the company states the transaction won't materially impact 2025 financial guidance, this acquisition has strategic significance. It gives Embla immediate access to Streifeneder's specialized product lines and approximately 100 employees with expertise in prosthetic components, orthotic solutions, and orthopedic materials. This controlled expansion allows Embla to enhance its competitive position in the orthopedic mobility market without significantly altering its near-term financial trajectory.

Announcement no. 39/2025

29 August 2025

Reference is made to announcement no. 31/2025 published on 17 July 2025 (Embla Medical signs agreement to invest in a majority share in Streifeneder ortho.production GmbH).

REYKJAVIK, IcelandandCOPENHAGEN,Denmark, Aug. 29, 2025 /PRNewswire/ -- Embla Medical (NASDAQ Copenhagen: EMBLA), a leading global provider of innovative mobility solutions, today announced that the majority share investment in Streifeneder ortho.production has been completed following regulatory approvals. Therefore, the transaction is officially closed and Embla Medical now owns 51% of shares in Streifeneder ortho.production.

Streifeneder ortho.production is an international developer and supplier of orthopaedic mobility solutions, employing around 100 people. In addition to its offerings of prosthetic and orthotic components, Streifeneder ortho.production also supplies orthopaedic materials and equipment to the O&P industry. In 2024, Streifeneder ortho.production realized sales of EUR 25 million (approximately USD 29m) with ~70% of sales related to prosthetics and orthopaedic materials.

In connection with the investment, the Board of Directors of Embla Medical has resolved to utilize the authorization in Article 5, paragraph 1, of the Articles of Association to issue 2,805,135 new shares in Embla Medical, raising the total share capital in nominal value by 0.7% from ISK 427,636,122 to ISK 430,441,257. The price of each new share is DKK 33.26, and the total value of the share capital increase is thus DKK 93 million (EUR 12.5 million).

The sellers of Streifeneder ortho.production will subscribe for all the new shares. The sellers have also agreed to a two-year lock-up period from closing for all the new shares.

The transaction is not expected to have any material impact on the financial guidance for 2025.

Further information Embla Medical

Klaus Sindahl
Head of Investor Relations
M: +45 5363 0134
E: [email protected]

Edda Heidrun Geirsdottir
VP of Corporate Communication
M: +354 664 1055
E: [email protected]

Further information Streifeneder
Sabine Knobloch
Head of Legal Department
M: +49 172 8165265
E: [email protected]

Embla Medical press releases by e-mail

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About Embla Medical

Embla Medical (Nasdaq Copenhagen: EMBLA) was founded in Reykjavik in 1971 with the mission to improve people's mobility. Embla Medical is home to several brands renowned for positively impacting people's health and well-being. They include Össur, a leading global provider of prosthetics and bracing and supports solutions; FIOR & GENTZ, an innovative developer of neuro orthotics; and College Park Industries, creators of custom-built prosthetic solutions. Embla Medical also provides patients with world-class care through a global network of Orthotic and Prosthetic (O&P) facilities. Embla Medical is committed to sustainable business practices and is signatory to the UN Global Compact, UN Women's Empowerment Principles, and contributes to the UN Sustainable Development Goals. The company's climate targets have been verified by the Science Based Targets initiative. Embla Medical operates globally and has more than 4,000 employees.

Embla Medical was formerly listed as Össur (OSSR) on Nasdaq Copenhagen until 8 April 2024.

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FAQ

What percentage stake did Embla Medical acquire in Streifeneder ortho.production?

Embla Medical acquired a 51% majority stake in Streifeneder ortho.production following regulatory approvals.

How much revenue did Streifeneder ortho.production generate in 2024?

Streifeneder ortho.production generated EUR 25 million (approximately USD 29m) in sales during 2024, with about 70% coming from prosthetics and orthopaedic materials.

How many new shares did Embla Medical issue for the Streifeneder acquisition?

Embla Medical issued 2,805,135 new shares at DKK 33.26 per share, with a total value of DKK 93 million (EUR 12.5 million).

What is the lock-up period for the newly issued Embla Medical shares?

The sellers of Streifeneder ortho.production agreed to a two-year lock-up period for all the newly issued shares.

How will the Streifeneder acquisition affect Embla Medical's 2025 financial guidance?

The transaction is not expected to have any material impact on Embla Medical's financial guidance for 2025.
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