Ottobock back in family hands

The global healthtech company Ottobock, headquartered in Duderstadt, will once again be fully owned by the Näder family. In March, Näder Holding signed an agreement to buy back its 20 per cent stake in the company from the global private equity firm EQT. This ends the partnership that began in 2017. The transaction is expected to be completed in the first half of 2024.

„Through the partnership with EQT, we have further professionalised Ottobock in recent years and developed it to IPO readiness. This has laid a strong foundation for the next growth phase of our company," says Professor Hans Georg Näder, owner and Chairman of the Board of Directors of Ottobock SE & Co. KGaA. „The cooperation with EQT was characterised by a high level of mutual respect and trust. And it was very successful: in 2023, we will achieve the highest sales and the best result in the company's history. However, it was clear from the outset that EQT would be a temporary partner for us. Now we will continue the successful strategy as a pure family business in the legal form of an SE & Co. KGaA, owned by my family and led by our CEO Oliver Jakobi and his strong management team.“

Johannes Reichel, Partner at EQT Private Equity, considers the timing of EQT's exit from Ottobock to be ideal: "The company is growing dynamically and is ideally positioned to shape the next phase of growth as a privately held family business.

Source: https://transkript.de/medtech-zwo-artikel/2024/ottobock-wieder-in-familienhand/