Ottobock, Duderstadt, Germany, announced that on July 1, it had acquired 51 percent of the shares of German O&P provider Pohlig, headquartered in Traunstein. Financial terms were not disclosed. According to an Ottobock press release, the strategic partnership is the continuation of a longstanding relationship between the two family-owned businesses and will further strengthen their positions in the German O&P market.
“Since decades my father and I have a strong personal relationship with the Pohlig family,” said Ottobock Group’s CEO and president Hans Georg. “I am happy that we can lift our already excellent business relationship onto an even higher level.”
