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Tonus Elast Sia

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uuid0022vxl

Namestring
Tonus Elast Sia
Legal namestring
TONUS ELAST SIA
Websiteurl
tonus.lv
Company typeenum
Private
Founded yearint
1995
Descriptiontext

Tonus Elast Sia is a privately held Latvian medical device manufacturer founded in 1995, producing elastic compression garments and orthopedic support products from its headquarters and production facility in Nīca, in the Dienvidkurzemes region of Latvia. The company employs approximately 150 people and operates as a Latvian limited liability company (SIA). Its product portfolio centers on medical compression stockings, socks, and sleeves — offered across multiple tiers including Standard, LUX (premium), Soft, and Cotton — complemented by a sports-oriented Active line, a women's health line covering pregnancy support belts and postpartum garments (including the Simona postpartum bra), back braces and spinal supports, posture correctors, joint orthoses, kinesiology tape, and heating belts. The underlying technology is conventional graduated compression knitting and orthopedic support construction with no proprietary digital or AI components disclosed.

The company sells primarily through a direct-to-consumer e-commerce platform (tonuselast.com) with global shipping into 45 countries and multilingual support across eight languages, supplemented by physical retail stores in Latvia and direct supply to healthcare institutions. Unit pricing ranges from approximately €4.99 to €50.30 per item under a transactional one-time-purchase model with no subscription or enterprise contract structure evident. Institutional endorsements from six named Latvian healthcare providers — including Paula Stradiņa Clinical University Hospital, Riga Maternity Hospital, and Liepaja Regional Hospital — serve as the primary trust signal for the consumer channel rather than functioning as enterprise revenue anchors.

Tonus Elast serves three primary customer segments: medical and post-operative patients requiring compression therapy and orthopedic support, athletes and active-lifestyle consumers (via the Active line), and expecting and new mothers (via the women's health line). The company discloses no parent company, external investors, funding rounds, M&A activity, or executive team in the public record. No revenue figure is disclosed; the company appears to be founder-owned and operationally self-financed after three decades in business. No patents, regulatory certifications, or third-party quality marks are referenced in available sources, which represents a notable disclosure gap for a medical device manufacturer.

Short descriptiontext

Tonus Elast Sia is a privately held Latvian medical device manufacturer founded in 1995 that designs and produces elastic compression garments and orthopedic supports, selling through its own e-commerce platform to consumers in 45 countries and supplying Latvian healthcare institutions.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersVentspils, Latvia
HQ citystring
Ventspils
HQ countrystring
Latvia
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
medical compression garments, orthopedic supports, compression therapy products, maternity support belts, elastic medical devices
Industry2 codes
1Compression Therapy & Lymphedema DME (Garments, Pneumatic Pumps)
CodeHLAHAMAHPrimaryYes
2Compression Therapy for Venous/Lymphedema (Bandages, Wraps, Garments)
CodeHLAHALAFPrimaryNo
NAICS code2 codes
  • Apparel Accessories and Other Apparel Manufacturing3159
  • Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers42345
SIC code1 code
  • Orthopedic, Prosthetic & Surgical Appliances & Supplies3842
Product category
Medical Devices (Compression Therapy and Orthopedic Supports)
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model1 record
1Product Sales
TypeOne Time License
Description

Direct sales of medical elastic products including compression socks, back braces, joint supports, and pregnancy garments through e-commerce and retail channels

tonuselast.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure
Pricing details1 tier
1Medical Compression Products - Individual items priced by product type
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Medical compression half-length socks from €16.55-€18.45, long compression socks €39.55-€47.60, cotton compression socks €26.40, post-partum bras from €4.99 (sale price). Products sold in multiple collections: Standard, Premium (LUX), and Soft lines with varying price points.

tonuselast.com
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Tonus Elast manufactures and sells medical elastic compression and orthopedic support products, including medical compression socks and stockings (in Standard, LUX, Soft, and Cotton lines), pregnancy and postpartum support garments, back braces and spinal supports, posture correctors, joint orthoses, kinesiology tape, and sports/active compression gear. The company sells its products directly to consumers worldwide through its e-commerce platform (tonuselast.com), physical stores in Latvia, and via supply partnerships with healthcare institutions across 45 countries.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Products recommended by 6 leading healthcare institutions including Paula Stradiņa Clinical University Hospital, Riga Maternity Hospital, and regional hospitals
Product overview1 text field

Tonus Elast Sia is a Latvian medical device manufacturer (since 1995) producing elastic compression garments and orthopedic supports. The product portfolio centers on medical compression products (socks, stockings, arm sleeves) in various lines including LUX (premium), Soft (extra soft), and Cotton (everyday/comfort), complemented by sports compression gear under the Active line. The company also offers a comprehensive women's health line including pregnancy support belts and postpartum support garments, along with back braces and spinal supports, joint orthoses, and kinesiology tape. Products are sold through the company's e-commerce platform with distribution to 45 countries.

Product and service13 records
1Medical Compression Products (Socks, Stockings, Tights)
CategoryMedical Compression Therapy
Description

Medical-grade elastic compression garments including socks, stockings, and tights for therapeutic use in treating venous diseases and circulatory conditions, available in multiple compression classes and lengths (below-knee, above-knee, tights), with material variants including standard, premium LUX, Soft, and Cotton lines.

2Active Line – Sports and Active Lifestyle Compression Products
CategorySports Compression
Description

Compression gear designed for athletes and active individuals, including sports compression socks and sleeves for muscle support, performance enhancement, and recovery during and after physical activity.

3Compression Sleeves
CategoryMedical Compression Therapy
Description

Elastic compression arm sleeves designed for therapeutic and athletic applications, providing graduated compression for the upper limbs.

4Products for Women (Pregnancy, Postpartum, and Women's Health)
CategoryMaternity and Women's Health
Description

Women's health product line including pregnancy support belts, socks and tights for pregnant women, postpartum support garments, and rehabilitation products designed for women's specific health needs.

5Pregnancy Support Belts
CategoryMaternity and Women's Health
Description

Medical elastic support belts and corsets designed for pregnant women, providing back support and abdominal comfort throughout pregnancy.

6Postpartum Elastic Bra (Simona)
CategoryMaternity and Women's Health
Description

Medical elastic postpartum support bra (Simona) designed to provide comfort and support during recovery after childbirth.

7Back Braces and Spinal Supports
CategoryOrthopedic Supports
Description

Medical orthopedic belts and supports for spinal fixation, including post-operative belts and specialized corsets designed for back pain management and lumbar stabilization.

8Post-Operative Belts
CategoryOrthopedic Supports
Description

Medical post-operative belts designed to support recovery and stabilization of the abdominal and lumbar regions following surgical procedures.

9Posture Correctors
CategoryOrthopedic Supports
Description

Posture correction devices designed to improve body alignment and support proper spinal positioning for users with poor posture or related back complaints.

10Specialized and Heating Belts
CategoryOrthopedic Supports
Description

Specialized belts including warming/heating belts designed for muscle relaxation and comfort, particularly for use during outdoor activities in cold weather.

11Joint Orthoses, Wraps, and Elastic Bandages
CategoryOrthopedic Supports
Description

Joint support products including wrist, hand, knee, and ankle braces, supporting wraps, and elastic bandages designed for injury prevention, joint stabilization, and rehabilitation.

12Kinesiology Tape
CategorySports and Rehabilitation Supports
Description

Kinesiology tape providing muscle and joint support for sports and everyday use without restricting movement.

13Rehabilitation Products
CategoryRehabilitation
Description

Products specifically designed for rehabilitation, supporting recovery from injuries and medical procedures, particularly within the women's health and postpartum context.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

French manufacturer of medical compression, orthopedic braces, posture correctors, and maternity supports — essentially the same product categories as Tonus Elast. Comparable in therapeutic positioning and D2C/healthcare dual-channel strategy.

TypeBroad incumbent
Description

Major global medical solutions provider (now part of Essity) offering JOBST compression hosiery and a broad DME portfolio. Competes with Tonus Elast in vascular compression while also dominating wound care and orthopedics at scale.

TypeDirect peer
Description

German manufacturer of medical compression stockings, orthoses, and supports with a portfolio that directly mirrors Tonus Elast's compression and orthopedic bracing lines. Comparable in product breadth and D2C-plus-clinical go-to-market.

TypeDirect peer
Description

Global leader in medical compression therapy (stockings, socks, sleeves) and a direct competitor to Tonus Elast across D2C, pharmacy, and clinical channels. Highly comparable in core product category (graduated compression garments) and overlapping target customers.

TypeBroad incumbent
Description

German-based manufacturer and distributor of medical devices and hygiene products, including compression bandages, stockings, and orthopedic supports. Overlaps with Tonus Elast's compression and wound-care-adjacent offerings.

TypeDirect peer
Description

Family-owned manufacturer of medical compression garments (stockings, sleeves, orthoses) headquartered in Germany with worldwide distribution. Directly competes with Tonus Elast in vascular and orthopedic compression therapy.

TypeEmerging player
Description

Specialist in orthopedic and diabetic footwear plus compression hosiery, sold through DME and clinical channels. Overlaps with Tonus Elast in compression therapy and adjacent orthopedic support categories.

TypeDirect peer
Description

Italian producer of medical compression stockings, tights, and supports for venous and lymphatic conditions. Closely mirrors Tonus Elast's compression therapy core across European markets.

TypeDirect peer
Description

Italian manufacturer of medical compression hosiery, maternity compression, and orthopedic stockings. Comparable in product mix (vascular, maternity, sports) and direct-to-consumer European distribution model.

TypeDirect peer
Description

Italian specialist manufacturer of medical and therapeutic compression hosiery (socks, stockings, tights) for vascular and aesthetic indications. Directly comparable in compression garment manufacturing and EU D2C distribution.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers6 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Tonus Elast Sia

Medical Devices (Compression Therapy and Orthopedic Supports)tonus.lv

Tonus Elast Sia is a privately held Latvian medical device manufacturer founded in 1995 that designs and produces elastic compression garments and orthopedic supports, selling through its own e-commerce platform to consumers in 45 countries and supplying Latvian healthcare institutions.

What Tonus Elast Sia does

Tonus Elast Sia is a privately held Latvian medical device manufacturer founded in 1995, producing elastic compression garments and orthopedic support products from its headquarters and production facility in Nīca, in the Dienvidkurzemes region of Latvia. The company employs approximately 150 people and operates as a Latvian limited liability company (SIA). Its product portfolio centers on medical compression stockings, socks, and sleeves — offered across multiple tiers including Standard, LUX (premium), Soft, and Cotton — complemented by a sports-oriented Active line, a women's health line covering pregnancy support belts and postpartum garments (including the Simona postpartum bra), back braces and spinal supports, posture correctors, joint orthoses, kinesiology tape, and heating belts. The underlying technology is conventional graduated compression knitting and orthopedic support construction with no proprietary digital or AI components disclosed.

The company sells primarily through a direct-to-consumer e-commerce platform (tonuselast.com) with global shipping into 45 countries and multilingual support across eight languages, supplemented by physical retail stores in Latvia and direct supply to healthcare institutions. Unit pricing ranges from approximately €4.99 to €50.30 per item under a transactional one-time-purchase model with no subscription or enterprise contract structure evident. Institutional endorsements from six named Latvian healthcare providers — including Paula Stradiņa Clinical University Hospital, Riga Maternity Hospital, and Liepaja Regional Hospital — serve as the primary trust signal for the consumer channel rather than functioning as enterprise revenue anchors.

Tonus Elast serves three primary customer segments: medical and post-operative patients requiring compression therapy and orthopedic support, athletes and active-lifestyle consumers (via the Active line), and expecting and new mothers (via the women's health line). The company discloses no parent company, external investors, funding rounds, M&A activity, or executive team in the public record. No revenue figure is disclosed; the company appears to be founder-owned and operationally self-financed after three decades in business. No patents, regulatory certifications, or third-party quality marks are referenced in available sources, which represents a notable disclosure gap for a medical device manufacturer.

Tonus Elast Sia firmographics

Firmographics
Name
Tonus Elast Sia
Legal name
TONUS ELAST SIA
Website
https://tonus.lv
Company type
Private
Founded year
1995
Operating status
Operating
Headcount range
101–250 employees
Short description
Tonus Elast Sia is a privately held Latvian medical device manufacturer founded in 1995 that designs and produces elastic compression garments and orthopedic supports, selling through its own e-commerce platform to consumers in 45 countries and supplying Latvian healthcare institutions.
Ownership category
akta.pro rank

Tonus Elast Sia industry classification

Industry
Product category
Medical Devices (Compression Therapy and Orthopedic Supports)
NAICS
Apparel Accessories and Other Apparel Manufacturing (3159), Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers (42345)
SIC
Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842)
akta.pro primary industry
Compression Therapy & Lymphedema DME (Garments, Pneumatic Pumps) (HLAHAMAH)
akta.pro secondary industry
Compression Therapy for Venous/Lymphedema (Bandages, Wraps, Garments) (HLAHALAF)

Keywords

  • Medical compression garments
  • Orthopedic supports
  • Compression therapy products
  • Maternity support belts
  • Elastic medical devices

Where Tonus Elast Sia is headquartered

Location

Headquarters

HQ city
Ventspils
HQ country
Latvia
HQ region
Europe

Offices1 record

Markets served

Tonus Elast Sia business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

  1. Product Sales: Direct sales of medical elastic products including compression socks, back braces, joint supports, and pregnancy garments through e-commerce and retail channels

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goMedical Compression Products - Individual items priced by product type

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Tonus Elast Sia product offering

Product offering

Core offering

Tonus Elast manufactures and sells medical elastic compression and orthopedic support products, including medical compression socks and stockings (in Standard, LUX, Soft, and Cotton lines), pregnancy and postpartum support garments, back braces and spinal supports, posture correctors, joint orthoses, kinesiology tape, and sports/active compression gear. The company sells its products directly to consumers worldwide through its e-commerce platform (tonuselast.com), physical stores in Latvia, and via supply partnerships with healthcare institutions across 45 countries.

Product overview

Tonus Elast Sia is a Latvian medical device manufacturer (since 1995) producing elastic compression garments and orthopedic supports. The product portfolio centers on medical compression products (socks, stockings, arm sleeves) in various lines including LUX (premium), Soft (extra soft), and Cotton (everyday/comfort), complemented by sports compression gear under the Active line. The company also offers a comprehensive women's health line including pregnancy support belts and postpartum support garments, along with back braces and spinal supports, joint orthoses, and kinesiology tape. Products are sold through the company's e-commerce platform with distribution to 45 countries.

Differentiator

Problem solved

Functional benefit

Products and services

  • Medical Compression Products (Socks, Stockings, Tights) Medical-grade elastic compression garments including socks, stockings, and tights for therapeutic use in treating venous diseases and circulatory conditions, available in multiple compression classes and lengths (below-knee, above-knee, tights), with material variants including standard, premium LUX, Soft, and Cotton lines.
  • Active Line – Sports and Active Lifestyle Compression Products Compression gear designed for athletes and active individuals, including sports compression socks and sleeves for muscle support, performance enhancement, and recovery during and after physical activity.
  • Compression Sleeves Elastic compression arm sleeves designed for therapeutic and athletic applications, providing graduated compression for the upper limbs.
  • Products for Women (Pregnancy, Postpartum, and Women's Health) Women's health product line including pregnancy support belts, socks and tights for pregnant women, postpartum support garments, and rehabilitation products designed for women's specific health needs.
  • Pregnancy Support Belts Medical elastic support belts and corsets designed for pregnant women, providing back support and abdominal comfort throughout pregnancy.
  • Postpartum Elastic Bra (Simona) Medical elastic postpartum support bra (Simona) designed to provide comfort and support during recovery after childbirth.
  • Back Braces and Spinal Supports Medical orthopedic belts and supports for spinal fixation, including post-operative belts and specialized corsets designed for back pain management and lumbar stabilization.
  • Post-Operative Belts Medical post-operative belts designed to support recovery and stabilization of the abdominal and lumbar regions following surgical procedures.
  • Posture Correctors Posture correction devices designed to improve body alignment and support proper spinal positioning for users with poor posture or related back complaints.
  • Specialized and Heating Belts Specialized belts including warming/heating belts designed for muscle relaxation and comfort, particularly for use during outdoor activities in cold weather.
  • Joint Orthoses, Wraps, and Elastic Bandages Joint support products including wrist, hand, knee, and ankle braces, supporting wraps, and elastic bandages designed for injury prevention, joint stabilization, and rehabilitation.
  • Kinesiology Tape Kinesiology tape providing muscle and joint support for sports and everyday use without restricting movement.
  • Rehabilitation Products Products specifically designed for rehabilitation, supporting recovery from injuries and medical procedures, particularly within the women's health and postpartum context.

Quantifiable outcome

  • Products recommended by 6 leading healthcare institutions including Paula Stradiņa Clinical University Hospital, Riga Maternity Hospital, and regional hospitals

Companies that use Tonus Elast Sia

Customer profile

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Tonus Elast Sia technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Tonus Elast Sia partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Tonus Elast Sia competitors and assessment

Company assessment

Direct peers

  • Thuasne: French manufacturer of medical compression, orthopedic braces, posture correctors, and maternity supports — essentially the same product categories as Tonus Elast. Comparable in therapeutic positioning and D2C/healthcare dual-channel strategy.
  • medi GmbH & Co. KG: German manufacturer of medical compression stockings, orthoses, and supports with a portfolio that directly mirrors Tonus Elast's compression and orthopedic bracing lines. Comparable in product breadth and D2C-plus-clinical go-to-market.
  • Sigvaris Group: Global leader in medical compression therapy (stockings, socks, sleeves) and a direct competitor to Tonus Elast across D2C, pharmacy, and clinical channels. Highly comparable in core product category (graduated compression garments) and overlapping target customers.
  • Juzo (Julius Zorn GmbH): Family-owned manufacturer of medical compression garments (stockings, sleeves, orthoses) headquartered in Germany with worldwide distribution. Directly competes with Tonus Elast in vascular and orthopedic compression therapy.
  • Sanyleg International: Italian producer of medical compression stockings, tights, and supports for venous and lymphatic conditions. Closely mirrors Tonus Elast's compression therapy core across European markets.
  • Relaxsan (Calze GT S.r.l.): Italian manufacturer of medical compression hosiery, maternity compression, and orthopedic stockings. Comparable in product mix (vascular, maternity, sports) and direct-to-consumer European distribution model.
  • Varisan S.r.l. Italian specialist manufacturer of medical and therapeutic compression hosiery (socks, stockings, tights) for vascular and aesthetic indications. Directly comparable in compression garment manufacturing and EU D2C distribution.

Broad incumbents

  • BSN medical (Essity): Major global medical solutions provider (now part of Essity) offering JOBST compression hosiery and a broad DME portfolio. Competes with Tonus Elast in vascular compression while also dominating wound care and orthopedics at scale.
  • Lohmann & Rauscher International: German-based manufacturer and distributor of medical devices and hygiene products, including compression bandages, stockings, and orthopedic supports. Overlaps with Tonus Elast's compression and wound-care-adjacent offerings.

Emerging players

  • Dr. Comfort: Specialist in orthopedic and diabetic footwear plus compression hosiery, sold through DME and clinical channels. Overlaps with Tonus Elast in compression therapy and adjacent orthopedic support categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Tonus Elast Sia social profiles

Digital presence

Tonus Elast Sia financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Tonus Elast Sia leadership team

Management profile

Number of profiles

Tonus Elast Sia funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Tonus Elast Sia M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tonus Elast Sia

What does Tonus Elast Sia do?

Tonus Elast manufactures and sells medical elastic compression and orthopedic support products, including medical compression socks and stockings (in Standard, LUX, Soft, and Cotton lines), pregnancy and postpartum support garments, back braces and spinal supports, posture correctors, joint orthoses, kinesiology tape, and sports/active compression gear. The company sells its products directly to consumers worldwide through its e-commerce platform (tonuselast.com), physical stores in Latvia, and via supply partnerships with healthcare institutions across 45 countries.

Is Tonus Elast Sia a public or private company?

Tonus Elast Sia is a private company. It is classified as unknown and is currently operating.

When was Tonus Elast Sia founded?

Tonus Elast Sia was founded in 1995. It employs 101 to 250 people.

Where is Tonus Elast Sia based?

Tonus Elast Sia is headquartered in Ventspils, Latvia, in the Europe region.

How does Tonus Elast Sia make money?

One revenue line is on record: product Sales.

Who are Tonus Elast Sia's main competitors?

Direct peers on record are Thuasne, medi GmbH & Co. KG, Sigvaris Group, Juzo (Julius Zorn GmbH), Sanyleg International, Relaxsan (Calze GT S.r.l.) and Varisan S.r.l.. Broad incumbents are BSN medical (Essity) and Lohmann & Rauscher International. Dr. Comfort is listed as an emerging player.

Does Tonus Elast Sia have an API?

No public API is recorded for Tonus Elast Sia.

What industry is Tonus Elast Sia in?

Tonus Elast Sia's product category is Medical Devices (Compression Therapy and Orthopedic Supports). Its primary akta.pro industry code is HLAHAMAH, Compression Therapy & Lymphedema DME (Garments, Pneumatic Pumps), with a secondary code of HLAHALAF, Compression Therapy for Venous/Lymphedema (Bandages, Wraps, Garments). Its NAICS code is 3159 and its SIC code is 3842.

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Live signals
GlobeNewswireJSC Olainfarm elects new Chairperson of the Management Board of Tonus Elast Ltd and Latvijas Aptieka LtdJSC Olainfarm's board elected Jevgenijs Fedjaņins as chair of Tonus Elast Ltd and Marina Serpova as chair of Latvijas Aptieka Ltd. Fedjaņins and Serpova replaced Dace Mihnenoka, Dzianis Panou, and Ilmars Pajuste, who left the respective boards. The company plans to expand Tonus Elast into new markets and digital channels.GlobeNewswireOlainfarm Plans to Increase Sales of Tonus Elast to 9 Million this YearOlainfarm plans to raise SIA Tonus Elast's 2016 sales to 9 million euros, a 23% increase from 7.3 million in 2015. Net profit is expected to stay near 1.7 million euros, with sales and profit projected to grow by 50% over three years. A significant sales increase to Russia is planned for the near future.GlobeNewswireOlainfarm Borrows 14 Million Euros from ABLV Bank to Finance Acquisition of SIA Tonus ElastOlainfarm borrowed 14 million euros from ABLV Bank to acquire 100% of SIA Tonus Elast, a producer of elastic medical products. Tonus Elast reported 2015 sales of 7.3 million euros and net profit of 1.7 million euros. The acquisition aims to expand the group's product portfolio and markets.ReutersOlainfarm acquires Tonus ElastEstonian medical device maker Olainfarm AS has acquired Tonus Elast, a producer of elastic medical products, according to Reuters. The transaction is valued at 14.0 million euros ($15.97 million), and the deal is expected to be registered in the Latvian Company Register over the coming days.GlobeNewswireOlainfarm Acquires Tonus Elast, Producer of Elastic Medical ProductsOlainfarm acquired Tonus Elast, a Latvian producer of elastic medical products, in 2016. The company, which produces over 100 products and exports 89% of its output, reported 2015 sales of 7.3 million euros and net profit of 1.7 million euros. Tonus Elast expects significant sales growth to Russia and Ukraine in the near future.