Ottobock, Duderstadt, Germany, agreed to acquire Pace Rehabilitation, a provider of prosthetic and rehabilitation services headquartered in Buckinghamshire, United Kingdom. Established nearly 20 years ago, Pace Rehabilitation has clinics in Cheshire, Buckinghamshire, and Glasgow.
“We look forward to completing the acquisition in due course and welcoming Pace Rehabilitation and its team of more than 40 employees to the Ottobock family,” said Phil Yates, managing director of Otto Bock Healthcare.
Pace Rehabilitation has been a customer of Ottobock for many years and the acquisition is an ideal opportunity for Ottobock to complement and enhance its offering in the UK and as a leading patient care company with a global footprint, the announcement said.
“We look forward to joining forces with Ottobock and benefiting from the opportunities that come with being part of a strong international organization. We will join a network of clinics within a company that has a track record of bringing new and innovative products to the market. It is great news for all our stakeholders, and we are excited for the future,” said Toby Carlsson, managing director of Pace Rehabilitation.
