Buyout sets in motion plans for expansion

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.

The company was acquired by its business development manager, Steve Mottram, and clinical specialist Sandie Waddell.

The acquisition includes the business and products of Technology In Motion, which provides orthopaedic braces and supports for knee and ankle injuries and osteoarthritis sufferers to patients as well as cranial remoulding treatments for children with plagiocephaly, known as flat-head syndrome.

Mr Mottram’s son, James, has been appointed operations and communications manager.

Steve Mottram said: “Our services provide fast access to qualified specialists and the best orthopaedic and plagiocephaly products in the world. We are pleased Ossur was prepared to divest Technology in Motion so Sandie and I can provide the focus and commitment to develop the business and its services.

“Our first aim is to expand our network of clinics through franchising and we are now advancing plans to create franchised clinics in the UK and Republic of Ireland before the end of 2012.”

Technology in Motion, which was founded in 1993, was acquired by Ossur in 2005. The MBO was advised by Garbutt & Elliott and Godloves Solicitors.