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aap signed with Wright Medical Technology (WMT) a global distribution and supply agreement
The cannulated screw system of aap is one of the well established systems in the market. This product line which is more than ten years in the market is one of the main pillars of aap’s trauma product line and is responsible for considerable revenue in the national as well as international business of the trauma & orthopaedics division.
This distribution and supply agreement substantiates the strategy of the trauma & orthopaedics division not only to be present with direct sales but also to extend the business significantly through international OEM-partnerships with leading orthopaedic companies.
First revenues out of the initial order are anticipated already in this year. Starting from 2008 aap expects significant contribution from ongoing annual revenues so that this partnership is one of the major steps in strengthening the trauma & orthopaedics division toward a profitable growth. This division achieved a 14% growth in sales in the first six months of the financial year to EUR 3.3 million (previous year: EUR 2.9 million) with almost balanced result.
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