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Orchid Orthopedic to Acquire Sandvik Medical

Sandvik reached an agreement with Orchid Orthopedic Solutions, owned by Altor Fund III, to divest Sandvik Medical, a contract manufacturer of orthopaedic and dental implants and instruments. In 2011, Sandvik Medical posted sales of ~SEK 600MM (~US $90MM). The transaction is expected to conclude in 3/12.

Orchid Orthopedic comprises five divisions that offer an array of implants and instruments within the five core capabilities of design, forging, machining, plastics, and coatings. (Sources: Sandvik AB; Orchid Orthopedic Solutions)