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Under the agreement, Proteor will expand substantially its lower limb prosthetics portfolio and acquire a range of Freedom Innovations’ flagship products, including the Plié3 microprocessor knee, the Kinnex and Kinterra ankles, and the Agilix, Highlander, Dynadapt, Sierra and Pacifica feet products.
Under the agreement, Proteor will expand substantially its lower limb prosthetics portfolio and acquire a range of Freedom Innovations’ flagship products, including the Plié3 microprocessor knee, the Kinnex and Kinterra ankles, and the Agilix, Highlander, Dynadapt, Sierra and Pacifica feet products.
Proteor welcomes more than 100 members of the Freedom Innovations team in manufacturing, sales, marketing, R&D and clinical studies from Gunnison (Utah), Irvine (California) and Germany.
Proteor — a Dijon, France-based, international group specialized in prosthetic and orthotic solutions — has successfully completed its acquisition of Freedom Innovations and the major part of the product portfolio from Ottobock.
The addition of Freedom Innovations’ products is expected to bolster Proteor’s lower limb prosthetics portfolio. Additionally, the companies will combine their teams in the US and Europe and expand worldwide with the aim of facilitating better outcomes for prosthetists and their patients.
Transaction with Proteor approved by U.S. Federal Trade Commission and closed today. Ottobock, the internationally operating medical technology company, welcomes the U.S. Federal Trade Commission’s (FTC) final decision on the future of Ottobock’s prior acquisition of Freedom Innovations (FI).
Duderstadt, Germany-based Ottobock HealthCare GmbH has acquired Irvine, CA-based Freedom Innovations from its previous owner, private equity company Health Evolution Partners. The two parties signed a confidential purchase agreement on September 22.