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Orchid Completes Acquisition of Sandvik Medical Solutions

Orchid MPS Holdings (Orchid), owned by Altor Fund III, has completed the acquisition of Sandvik Medical Solutions (SMS), a major contract manufacturer of medical implants and instruments for the orthopaedic and dental markets, from Sandvik.

The new combined company will be called Orchid Orthopedic Solutions and has approximately 1,500 employees. Orchid is a recognized leader in the contract design and manufacturing business in the Orthopedic, Dental and Spinal industry and it has strengthened its influence in product offerings and customer service with the acquisition of SMS, together touching ~30% of the world’s orthopaedic implants.

Orchid will assume full control and ownership for SMS on March 31, 2012.

(Source: Orchid Orthopedic Solutions)