Buyout sets in motion plans for expansion

By The Newsroom
Published 21st Jul 2011, 10:45 BST
HEALTHCARE company Technology in Motion is preparing for expansion after changing hands in a management buyout (MBO).

The firm, which is based in Whinmoor, Leeds, plans to create franchises throughout the UK and Ireland this year following the acquisition, for an undisclosed sum, from Iceland-based orthopaedic products and prosthetics firm Ossur.

Technology in Motion, a wholly-owned subsidiary of Ossur, which has its UK base in Manchester, has a £500,000 turnover, three full-time staff and satellite clinics in London, Bristol, Coventry, Manchester and Glasgow.

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