Germany's Otto Bock HealthCare acquires Danish neural implants company  

2005.03.23
Otto Bock HealthCare, a Germany based global supplier of products for people with limited mobility has acquired Neurodan, a neural implants company based in Aalborg, Jutland

Otto Bock HealthCare, a Germany based global supplier of products for people with limited mobility has acquired Neurodan, a neural implants company based in Aalborg, Jutland, for an undisclosed sum. Neurodan develops novel implantable devices which restore functionality to patients with central nervous system damage through functional and neuro-muscular electrical stimulation.

 

Hans Georg Näder, chairman and CEO of Otto Bock HealthCare, says the acquisition of Neurodan secures Otto Bock one of the most groundbreaking sectors in medical and fitting technology: "Thanks to Neurodan's technological innovativeness in the field of neural implants, the company is the ideal complement and support for Otto Bock".

 

Neurodan was founded in 1994 by Dr. Thomas Sinkjær (Director of the Center for Sensory-Motor-Interaction at Aalborg University) and Dr. Morten Haugland. Prior to the acquisition, the main shareholders of Neurodan comprised NOVI, Novo and Dansk Innovationsinvestering. The company will remain headquartered in Aalborg to maintain its relationship with Aalborg University. The news is reported in a press release from Otto Bock.

 

Link > Neurodan 

 

Link > Otto Bock HealthCare 

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