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  6. Ottobock Acquires suitX

M&A Deal Summary

Ottobock Acquires suitX

On November 3, 2021, Ottobock acquired consumer products company suitX

Acquisition Highlights
  • This is Ottobock’s 1st transaction in the Consumer Products sector.
  • This is Ottobock’s 3rd transaction in the United States.
  • This is Ottobock’s 2nd transaction in California.

M&A Deal Summary
Date 2021-11-03
Target suitX
Sector Consumer Products
Buyer(s) Ottobock
Deal Type Add-on Acquisition

Target

suitX

Emeryville, California, United States
suitX develops and manufactures occupational, healthcare, and recreational exoskeleton systems. suitX is based in Emeryville, California.

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Buyer(S) 1

Buyer

Ottobock

Duderstadt, Germany
Category Company
Founded 1919
Sector Medical Products
Employees6,800
DESCRIPTION

Ottobock develops medical technology products and fitting concepts for people with limited mobility in the fields of Prosthetics, Orthotics, Human Mobility (wheelchairs, rehabilitation devices), and medical care. Ottobock was founded in 1919 and is based in Duderstadt, Germany.

DEAL STATS #
Overall 5 of 5
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: California M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-11 Freedom Innovations

Irvine, California, United States

Freedom Innovations designs and manufactures advanced technology lower-limb prosthetic devices geared towards amputees with active lifestyles. The Company manufactures its products using 100% carbon-fiber composite materials, maximizing strength and energy return while minimizing weight.

Sell -
Mergr

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