Exos Becomes a Fully Integrated Part of DJO Global
San Diego, Calif.-based DJO Global Inc. has completed the acquisition of Exos Corporation, an Arden Hills, Minn.-based company that produces thermoformable external musculoskeletal stabilization systems. DJO focuses on medical device solutions for musculoskeletal health as well as vascular health and pain management.
Exos’ thermoformable bracing system is comprised of a waterproof, removable, adjustable and reformable solution for the treatment of fractures and other injuries that require stabilization.
Because DJO LLC has been the distribution partner for Exos since October 2011, the merger will not impact DJO’s reported net sales, but is expected to increase the company’s operating margins and operating income from the sale of Exos products. The financial terms of the merger have not yet been disclosed.
“It has been a pleasure working with Exos over the past 15 months,” said Steve Ingel, president of DJO Global’s Bracing and Supports business unit. “With the combination of Exos’ unique technology and our distribution network, we have been able to make significant headway in the marketplace. We welcome the entire Exos team to our DJO Global family and look forward to working together with them to launch more products incorporating the Exos technology to more customers in more geographies around the world.”
“DJO has been an incredible partner for Exos over the past year,” said Fariborz Boor Boor, CEO of Exos. “DJO has a proud history of innovation, world class customer service and a terrific corporate culture, which makes it a perfect fit for our employees and technology. We look forward to joining the DJO team.”