Artificial limb maker Touch Bionics sold for Â£27.5m
WEST Lothian artificial limb developer in '˜safe hands' after deal says founder David Gow.
Artificial limb maker Touch Bionics has been sold to an Icelandic peer in a £27.5 million deal, it was confirmed yesterday.
The Livingston-based firm was sold by its shareholders – including Archangel Investors, Scottish Investment Bank and management – to Ossur, which provides “prosthetic, bracing and supports solutions”.
Touch Bionics was the first company to develop an electrically powered prosthetic hand with five independently powered fingers. The business employs more than 120 people across its operations in Scotland, Germany and the US.
Founder David Gow said: “My aspirations for Touch Bionics have been more than realised and I am extremely proud and delighted that Touch’s new home will be with Ossur. “I am confident that this will mean that the i-limb and i-digits will be taken forward in safe hands, enabling even more wearers to benefit from this life enhancing technology.”