Näder Holding successfully completes buyback of EQT- shares
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- Repurchase of EQT's 20% stake in Ottobock successfully completed
- Completion of the share acquisition as of 28 March 2024
- Owner wants to use accumulated expertise to continue successful growth path
- Hans Georg Näder, owner and Chairman of the Board of Directors: "Ottobock is returning to its roots stronger than ever before. We will now pursue our mission with even more vigor and focus."
The Näder Holding has successfully completed the buyback of a 20 per cent stake in Ottobock, a global healthtech company and world market leader in prosthetics, from global private equity firm EQT. The closing of the transaction took place today. The vacancy on the Board of Directors and Supervisory Board resulting from EQT's will be filled. As of today, Ottobock will once again operate as a purely family-owned company with Näder Holding as its 100 per cent owner. This marks the end of the partnership with EQT that began in 2017, during which the company has further professionalized and raised its organizational platform to a new level. Ottobock is continuing its ambitious growth strategy on this strong foundation.
"Everything we do at Ottobock serves our purpose of enabling mobility and quality of life for people. With the successful closing, Ottobock is returning to its roots stronger than ever before. We have taken decisive steps in the last six years, are ready for the capital market and have created a well-structured and globally harmonized organization," says Professor Hans Georg Näder, owner and Chairman of the Board of Directors of Ottobock SE & Co. KGaA. "The foundation for further growth has been laid in every respect. This is the economic engine. We will now pursue our mission with even more vigor."
In the next phase of growth, Ottobock is focusing on developing new fields of application and product innovations from an entrepreneurial perspective - and expanding the NeuroMobility business segment in particular. The now more than 9,000 employees also make a significant contribution to further strengthening the market value. Oliver Jakobi, CEO of Ottobock SE & Co. KGaA, says: "We are a family business through and through. Together with our dedicated employees, we are fit for the future and are looking forward to further major milestones such as the Paralympics this year."
About Ottobock
For more than 100 years, Ottobock has been developing innovative fitting solutions for people with reduced mobility. As a Human Empowerment Company, Ottobock promotes freedom of movement, quality for life and independence. This is supported by more than 9,000 employees. With innovative power, outstanding technical solutions and services in the fields of Prosthetics, Orthotics, NeuroMobility and Patient Care, they enable people in 135 countries to live their lives the best possible way they want them to. As the world market leader in wearable human bionics, the company founded in 1919 is constantly setting new standards and pushing ahead with the digitalisation of the industry – together with its partners, the medical supply companies and international research institutions. Since 2018, Ottobock has been transferring its expertise in biomechanics to exoskeletons for ergonomic workplaces. The international activities of the company are coordinated from the head office in Duderstadt (state of Lower Saxony). Ottobock has been supporting the Paralympic Games with its technical expertise since 1988.
Ottobock SE & Co. KGaA Merle Florstedt Head of Corporate Communications & Unternehmenssprecherin Telephone: +49 151 441 616 25 E-Mail: Merle.Florstedt@ottobock.de