Ottobock Rejects Allegations in Short-Seller Report
NDR: Ottobock rejects the allegations made by Grizzly Research. The short-seller report sent shares down 11 per cent – the company is considering legal action.
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Prosthetics manufacturer: Ottobock threatens short sellers with complaint – stock recovers
WirtschaftsWoche: Ottobock threatens Grizzly Research with a lawsuit and a BaFin complaint over suspected market manipulation; the shares recover to €54.70.
Shares: Ottobock threatens short seller with complaint – stock recovers
Handelsblatt: Ottobock threatens short seller Grizzly Research with a lawsuit and a complaint to BaFin over suspected market manipulation; the shares recover to €54.70.
Shares: Short-seller report sparks investor frustration at Ottobock
Handelsblatt: The Grizzly Research report overshadows Ottobock's annual general meeting; shares fall as much as 14 per cent as management rebuts allegations over its Russia business and accounting.
Short seller knocks 12% off Ottobock
Börsen-Zeitung: The Grizzly Research report dragged Ottobock shares down as much as 13 per cent on the day of the AGM – criticism of Core EBITDA, Näder's lifestyle and the Russia business.
How Hans Georg Näder's Margin Loan and Russia Business Endanger Public Shareholders
Grizzly Research 2026: Hans Georg Näder's €1.5 billion PIK margin loan, Ottobock's Russia profits and aggressive accounting endanger minority shareholders. Fair value estimate: €30 per share.
Russia Business
Ottobock's good business in Russia – even with the Ukraine war?
War and Prosthetics
War and Prosthetics: The Russian business of the orthopedic technology manufacturer Ottobock is growing significantly. However, the company denies supplying the military. And yet questions remain unanswered.
German Prosthetics Manufacturer: Ottobock's Million-Euro Business in Russia – These Details Raise Questions
Ottobock earns millions in Russia. Company heiress Georgia Näder emphasises that they supply 'only civilians' there. But investigations show that prostheses apparently also end up with Russian soldiers, some of whom are even back in action at the front.
Saving because of high debts? Not with Hans Georg Näder
Internal figures show how high debts are weighing on the prosthesis manufacturer Ottobock. Its owner apparently does not want to save money - and continues to supply Russia.
The Russian business of prosthesis patriarch Hans Georg Näder
An analysis of customs and import data shows that the Ottobock Group supplies Russian partners to a considerable extent. Patriarch Hans Georg Näder prefers to talk about his commitment to Ukraine.
Ottobock's Hans Georg Näder's brutal fight with the IG Metall union
The prosthetics manufacturer Ottobock attempts to terminate a works council member, sends registered letters to union representatives, and now even threatens legal action against IG Metall
Ottobock: The Full Extent of EQT's Investment Disappointment
Private equity firm EQT's investment in prosthetics manufacturer Ottobock, led by volatile majority shareholder Hans Georg Näder, has ended in what can only be described as a debacle. Internal documents reveal a significant disconnect between expectations and reality.
Ottobock's Failed IPO: Private Equity Investor EQT Exits with Government Bond-Level Returns
Prosthetics manufacturer Ottobock withdraws IPO plans as Swedish investor EQT divests 20% stake amid disappointing performance
Employee Letter Escalates the Conflict at Ottobock
At the prosthetics manufacturer Ottobock, a conflict is simmering between management and the union. An internal letter to the workforce now reveals just how heated the atmosphere truly is. It revolves around the union's advance within the company – and a mouse comic.
Hans Georg Näder's Penchant for Luxury Risks Ottobock's Corporate Health
Hans Georg Näder's Penchant for Luxury Risks Ottobock's Corporate Health. Prosthetics Billionaire's Mounting Troubles Converge in Unsightly Espionage Scandal
The Risky Gamble of Ottobock's CEO
Hans Georg Näder, the extroverted CEO and owner of the German global market leader in prosthetics, has already had to cancel the IPO twice. The third attempt must succeed, or trouble looms. Ottobock's engagement in Russia also raises questions.
Inside Ottobock: Prosthetics Billionaire Hans Georg Näder Dipped into Company Coffers Despite Losses, Withdrawing Millions
Over the past decade, billionaire Hans Georg Näder has extracted half a billion euros from the family-owned Ottobock enterprise. Näder's withdrawals frequently exceeded profits and persisted even when the company reported losses. Ottobock has been preparing for an IPO for years, with its compelling corporate narrative outshining its financial performance.
Hans-Georg Näder's Green Promises: The Prosthetics Billionaire Appears to Take a Relaxed Approach to Sustainability in Shipbuilding
Näder sells his Pink Gin yacht and opts for a fully motorized ship, the SeaXplorer Pink Shadow, equipped with a ship diesel tank holding 188,000 liters and an estimated consumption of 38 liters per nautical mile
After EQT Deal, Ottobock Owner Näder Sells One of His IT Subsidiary Companies
The company Sycor is selling its subsidiary IQ Solutions to the newly established IT group Cohemi.
Hans Georg Näder's Risky Buyback
Manager Magazin, April 2024: Näder buys out EQT's 20% Ottobock stake at a high price. EQT nearly doubles its investment while Näder takes €1.1B in costly loans.
Ottobock Owner: We are ready for the IPO, we are just waiting for the right environment
The prosthetics manufacturer Ottobock is now back in 100 percent ownership of the Näder family. The 105-year-old family enterprise announced this on Thursday evening. It has taken out a total of 1.1 billion euros in loans from credit funds to buy out the financial investor EQT, which has been involved since 2017.
Ottobock Confirms Repurchase of Shares from EQT
Manager Magazin: Ottobock's Näder family confirms repurchase of EQT's 20% stake, regaining full control. Record 2023 sales of €1.5bn; company valued at €5.5bn.
Näder Family Plans to Repurchase 20% Stake in Ottobock
Näder Family Plans to Repurchase 20% Stake in Ottobock. After six years, the investor EQT is parting ways with the prosthetics manufacturer. The closing is planned for January 2024.
The Unknown Nazi Past of Prosthetic King Ottobock
The Unknown Nazi Past of Prosthetic King Ottobock"
EQT and Ottobock Initiate Share Sale
30 Per Cent of Medical Technology Provider Ottobock Up for Sale. According to F.A.Z. Information, JP Morgan Bank Has Now Sent Information Dossiers to Potential Interested Parties.
Prosthesis billionaire wants to sell his yacht for 27.5 million euros - three years ago the price was 45 million euros
Business Insider: Ottobock billionaire Hans Georg Näder is selling his 54-meter luxury yacht Pink Gin for €27.5 million, down from €45 million three years ago.
Hans Georg Näder - Sycor merger put on hold
Sycor, Hans Georg Näder's IT firm, ended Allgeier merger talks in 2019. The article examines Näder's management, the cancelled Ottobock IPO, and CFO churn.
Näder Holding - The Ottobock family empire
Näder Holding, family empire behind Ottobock. Handelsblatt, Business Insider on Hans Georg Näder: failed IPOs, revolving C-suite, EUR 500m private withdrawals.
Hans Georg Näder - Ottobock's IPO fails again
Manager Magazin on Hans Georg Näder's failed Ottobock IPO in 2022, with management dismissals, EQT's role, and Näder extracting funds from the company.
Hans Georg Näder - Bötzow Brewery Berlin
Näder (Ottobock) bought Berlin's Bötzow Brewery in 2010 for a €250m campus with David Chipperfield. A look at the Prenzlauer Berg site and financing.
Hans Georg Näder art gallery - Näder's private art collection
Hans Georg Näder's Kunsthalle in Duderstadt exhibits over 2,000 works from his private collection. The Ottobock CEO funds the gallery through company dividends.
Hans Georg Näder has a new yacht in his collection and his Baltic Yachts shipyard gets a new site
Ottobock's Näder adds the electric Pink Gin Verde and sells the Pink Gin VI for €29.5M, while Baltic Yachts builds a new production site in Finland.
Hans Georg Näder appointed honorary professor by HAWK University of Applied Sciences
Ottobock chairman Hans Georg Näder was named honorary professor at HAWK in October 2022. Covers his background, the award, and the Ottobock-HAWK partnership.
Hans Georg Näder and the question of the CEO position
Following a wave of layoffs and another failed IPO in 2022, Hans Georg Näder faces questions over CEO Oliver Jakobi's future at Ottobock in this 2023 analysis.
Is Ottobock doing well?
Is Hans Georg Näder's Ottobock doing well? Hannoversche Allgemeine Zeitung, Niedersachsen Der Norden
How the Ottobock patriarch is making a fool of a private equity firm
manager magazin, November 2022: Hans Georg Näder's erratic leadership after Ottobock's canceled IPO leaves EQT powerless amid a deteriorating balance sheet.
Why CFO Kathrin Dahnke had to leave Ottobock
Finance Magazin on CFO Kathrin Dahnke's ouster at Ottobock after Hans Georg Näder called off the IPO. The board shakeup also removed the CEO and CTO.
Wiki Wars: Hans Georg Nader pays PR firm to remove damaging information from his and Ottobock's Wikipedia
Hans Georg Näder paid Finsbury Glover Hering tens of thousands of euros to delete Wikipedia mentions of Ottobock's regulatory violations and failed IPOs.
Ottobock's Failed Acquisition Of Freedom Innovations: Hans Georg Näder's Dubious Decision-Making Costs Ottobock Dearly
Ottobock's 2017 Freedom buyout was blocked by the FTC for anti-trust violations, costing EUR 168m. Näder's leadership and the saga threaten Ottobock's 2022 IPO.
OTTOBOCK - Professor Näder invites you to an audience
WELT 2022: Näder ends an interview after Ottobock's CEO, CFO and CTO depart and the IPO stalls. The written Q&A covers company finances and owner dividends.
Ottobock - on Crutches to the Stock Exchange
manager-magazin.de (2021) on Ottobock's planned IPO: Näder and EQT target a €6bn valuation, but the prosthesis maker's finances are mediocre and debt is high.
Wikipedia - Redacted OttoBock article
Wikipedia deleted a 2021 Ottobock article section detailing Hans Georg Näder controversies including price-fixing and ADA violations before the IPO.
Handelsblatt: Family Entrepreneur
Handelsblatt 2019: Ottobock's Hans Georg Näder faces mounting debt and wheelchair losses. A stake sale to EQT masked a precarious reality behind the centenary.
Welt Online: Prosthesis Manufacturer Otto Bock; Discrete Losses
Welt Online 2019 revealed Ottobock's core losses behind EQT sales. Näder drew millions privately yet refused comment ahead of the planned IPO.
Tax tricks: The German manager's millionaire yacht in Malta
WELT: Hans Georg Näder received the Leibniz Ring from Sigmar Gabriel while using a Maltese leasing scheme on his yacht Pink Gin VI to save VAT.
Poor Corporate Governance: The current Flop Ten
GermanBoardNews 2017 ranks Ottobock in its governance 'Flop Ten,' criticising Hans Georg Näder's appointment of his student-daughter Georgia to the board.