# Ottobock to acquire exoskeleton maker SuitX

German medical device maker Ottobock announced a deal to acquire 100% of Bay Area-based exoskeleton startup SuitX. Financial details were not disclosed.

- Type: Acquisition
- Announced: 2021-11-02
- Where: Bay Area, California, United States
- Status: announced
- Products: robotic exoskeletons, work assistance exoskeletons, healthcare exoskeletons
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Ottobock](https://endata.com/companies/26684.md) (acquirer)
- [SuitX](https://endata.com/companies/58609.md) (target)

## Sources

- [techcrunch.com](https://techcrunch.com/2021/11/02/ottobock-set-to-acquire-fellow-robotic-exoskeleton-maker-suitx/), 2021-11-02: "I feel fortunate that I am now put in a position to deliver our life-enhancing medical and industrial exoskeleton products globally."
- [businesswire.com](https://www.businesswire.com/news/home/20211103005113/en/Ottobock-Acquires-Exoskeleton-Specialist-suitX), 2021-11-03: "Together with suitX, Ottobock's exoskeletons business Paexo will become a world leading provider of exoskeletons in production, logistics, servicing, and the trade sector."
- [mmh.com](https://www.mmh.com/topic/category/news/P2620), 2021-11-05: "Ottobock acquires exoskeleton specialist suitX"
- [roboticsandautomationnews.com](https://roboticsandautomationnews.com/2021/11/11/ottobock-acquires-exoskeleton-specialist-suitx/47084/), 2021-11-11: "Ottobock, a developer of prosthetics, orthotics, and exoskeletons, has acquired 100 percent of the shares in suitX"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.