Cynosure has acquired Ellman International’s assets for approximately $13.2 million cash. Ellman makes the radiofrequency-based Pelleve and Pellefirm skin-tightening systems as well as the Sandstone line of medical aesthetic lasers.
“This transaction complements our brand portfolio, expands our market opportunities and enhances our recurring revenue stream,” said Michael Davin, chairman and CEO of Cynosure. “Ellman's RF product line broadens our technology platform, while its aesthetic lasers allow us to offer a value solution at a different price point than our current offerings.”
Ellman employs about 100 people and Cynosure anticipates retaining all employees as Ellman becomes a division of the company.