Ottobock announced that it has acquired 51% of the shares of Pohlig, an O&P provider n Traunstein, Germany.
The acquisition continues a longstanding relationship between the two family-owned businesses, and is expected to further strengthen their leadership positions in the German technical orthopedics market, according to a press release. The partnership will focus on innovative solutions in socket comfort, neurorehabilitation and neurological disease states.
“Since decades my father and I have a strong personal relationship with the Pohlig family,” Hans Georg, chief executive officer and president of Ottobock Group, stated in the release. “I am happy that we can lift our already excellent business relationship onto an even higher level.”