Elos entered into an agreement to acquire Onyx Medical.
Onyx Medical, based in the United States, is a provider of trauma and extremities products. Elos, a Swedish company, is a solution partner in the development and manufacturing of high precision products and components used in medical technology, including dental and orthopedic implants and instruments.
The acquisition is part of Elos' well-defined strategy to focus entirely on the medical device industry. The deal is expected to close in April 2015, after which Onyx will continue its operations as a business unit within the Elos group.