Ottobock to Acquire SuitX: Expanding Robotic Exoskeleton Leadership

Ottobock Acquires Exoskeleton Startup SuitX

Ottobock, a leading German manufacturer of medical devices, has announced the acquisition of SuitX, an exoskeleton company located in the Bay Area. This strategic move aligns well with Ottobock’s existing portfolio, which includes exoskeletons alongside prosthetics and orthotics.

SuitX Origins and Leadership

SuitX originated as a spin-off from the Robotics and Human Engineering Lab at UC Berkeley. The company was founded by Homayoon Kazerooni, a professor of mechanical engineering.

Notably, Kazerooni previously established Ekso Bionics in 2005, which later became a publicly traded company in 2014.

Focus Areas of Both Companies

Both Ottobock and SuitX specialize in the development of robotic exoskeletons. Their products cater to two primary applications: providing assistance in the workplace and supporting healthcare needs.

SuitX’s current product line encompasses three exoskeletons designed for work-related tasks – supporting the back, shoulders, and legs. They also offer two healthcare systems: the Phoenix, aiding in ambulation, and the ShieldX, reducing strain from heavy protective gear.

Recent developments at SuitX include trials for the Boost Knee, a robotic knee brace.

Kazerooni’s Statement on the Acquisition

Homayoon Kazerooni expressed his enthusiasm regarding the acquisition, stating, “I feel fortunate that I am now put in a position to deliver our life-enhancing medical and industrial exoskeleton products globally.”

He further emphasized the success of this venture for both SuitX and the University of California, Berkeley, highlighting the university’s support for entrepreneurial initiatives aimed at improving human well-being worldwide.

Kazerooni anticipates expanding the reach of their technologies through collaboration with Ottobock, ultimately enhancing the quality of life for individuals internationally.

Ottobock’s Existing Exoskeleton Technology

Ottobock already manufactures its own exoskeletons, such as the Paexo Shoulder. This device is engineered to provide support for the neck, back, and shoulders during overhead work activities.

The field of exoskeletons has garnered significant attention recently, with companies like Sarcos also making headlines after going public earlier this year.

Deal Details

The acquisition involves Ottobock acquiring 100% of SuitX’s shares. The financial terms of the deal have not been publicly disclosed.