At what enterprise value was OTTOBOCK acquired in 2017?

During the acquisition of OTTOBOCK by EQT PARTNERS in 2017, the transaction's Enterprise Value is estimated to be in the range of 3b - 100b EUR.

What was the EV/EBITDA of OTTOBOCK when it was acquired by EQT PARTNERS?

The estimated EV/EBITDA multiple for OTTOBOCK is in the range of Above 20x.

When was OTTOBOCK acquired by EQT PARTNERS?

OTTOBOCK was acquired by EQT PARTNERS in 2017.

What was the revenue of OTTOBOCK at the time of the deal?

The revenue of OTTOBOCK at the time of the deal is estimated to be in the range of 450M - 900M EUR.

What was the EBITDA of OTTOBOCK during the acquisition?

OTTOBOCK's EBITDA is estimated to be in the range of 100M - 200M EUR.

How is the data for the OTTOBOCK acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the OTTOBOCK deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://eqtgroup.com/news/eqt-vii-to-invest-in-global-hidden-champion-and-medical-mobility-technology-market-leader-ottobock-2017-06-24

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Home Database Healthcare & PharmaOTTOBOCK

06/2017

EQT PARTNERS invests in OTTOBOCK

GERMANY Life Sciences / Medical Devices / Implants & Prosthetics EV 3b - 100b EUR

Context

EQT VII has entered into an agreement to acquire a 20% minority stake in Ottobock, as part of a strategic partnership aimed at supporting Ottobock's international growth ambitions, driving its strategic objectives, and potentially preparing the company for a future initial public offering (IPO) in the medium term. The investment by EQT comes at a time of significant transformation in the mobility technology market, driven by an aging population, increasing demand for rehabilitation solutions, and advancements in smart prosthetics. This partnership enables Ottobock to secure a long-term financial partner while maintaining its majority family ownership. EQT brings its expertise in transforming industrial companies and driving international growth, with a focus on operational improvement and commercial acceleration. The transaction is subject to customary regulatory approvals and is part of a broader strategy to develop the group into a global leader in human mobility solutions.

OTTOBOCK, which reported an EBITDA margin of in 2016, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Healthcare & Pharma sector (15.3x).

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Target

Ottobock is the global market leader in wearable human bionics and prosthetics. Its business model integrates the development and manufacturing of high-tech mobility solutions—including bionic prostheses, braces, and wheelchairs—with a vast global "Patient Care" network of over 400 fitting centers. The company’s value proposition centers on restoring human mobility through innovation, such as the microprocessor-controlled C-Leg and the Genium bionic knee. Strategically, Ottobock operates a vertically integrated model, capturing value from R&D and component manufacturing to direct clinical service delivery. With over 9,300 employees, the firm has evolved from a traditional family business into a data-driven medtech powerhouse, focusing on digitalizing the orthopedic fitting process and expanding its presence in emerging markets.

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Other operations with OTTOBOCK

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
10/2025	PUBLIC MARKETS (IPO)	OTTOBOCK	GERMANY	Implants & Prosthetics
05/2025	OTTOBOCK	MATTON ORTHOMEDI	BELGIUM	Implants & Prosthetics

REFERENCES

Valuation range: EV 3b - 100b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of OTTOBOCK by EQT PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: ottobock

Acquirer: eqt partners