The Failed Acquisition of Freedom Innovations by Ottobock
Channel: Investigative Stories
Date: 2023-10-16

The failed acquisition of Freedom Innovations by Ottobock cost the company EUR 78.1 million. 

In September 2017, Ottobock attempted to acquire Freedom Innovations, a US competitor producing technologically superior prosthetic limbs  for approximately 72 million US dollars. Ottobock failed to seek regulatory approval from the US Federal Trade Commission, or FTC, which resulted in an investigation and a ban on the merger.

To see the full public documents on the failed merger released by the FTC, Google for "In the Matter of Otto Bock HealthCare North America, Inc."

FTC Matter/File Number 171 0231, Docket Number 9378