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Synergetics USA Inc's Indirect Subsidiary Acquires U.K. based Distributor M.I.S.S. Ophthalmics Limited

Tuesday, 9 Jul 2013 08:30am EDT 

Synergetics USA Inc's Indirect Subsidiary Synergetics Surgical EU Ltd announced that it has acquired M.I.S.S. Ophthalmics Limited (M.I.S.S.), a private ophthalmology distribution company incorporated in England and Wales, for net cash consideration of $2.8 million. M.I.S.S. was Synergetics USA's distributor of ophthalmic products in the U.K., and its wholesale distribution activities contributed approximately $1.1 million in revenue to Synergetics USA in fiscal year 2012. M.I.S.S. generated total revenue of approximately $3.2 million during their fiscal year ended March 31, 2013 and was solidly profitable on an operating basis. 

Company Quote

0.22 +5.14%
19 Dec 2014