Russia Business
Ottobock's good business in Russia – even with the Ukraine war?
Ottobock's good business in Russia – even with the Ukraine war?
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.
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.
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.
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.
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
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.
Prosthetics manufacturer Ottobock withdraws IPO plans as Swedish investor EQT divests 20% stake amid disappointing performance
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. Prosthetics Billionaire's Mounting Troubles Converge in Unsightly Espionage Scandal
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.
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.
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
The company Sycor is selling its subsidiary IQ Solutions to the newly established IT group Cohemi.
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.
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"
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.
Is Hans Georg Näder's Ottobock doing well? Hannoversche Allgemeine Zeitung, Niedersachsen Der Norden