German producer of robot suits called “professional exoskeleton” Acquired a California company in the same sector, And the two companies say they plan to combine their expertise and products to promote global adoption of exoskeletons.
Otto Bock, based in Duderstadt, Germany, US-based company suitX spun out of Robotics and Human Engineering Lab He specializes in professional and medical exoskeleton research and development at the University of California, Berkeley.
The terms of the deal have not been disclosed, but the two companies said that suiteX founder and former CEO Homayoon Kazerooni will remain in the company in the role of chief scientist. SuitX will become part of Ottobock Bionic Exoskeletons (formerly Ottobock Industrials) and will continue to manage Ottobock’s “Paexo” brand global bionic exoskeleton business in Germany.
News arrives a few weeks after fellow Exo Suit Builders Sarcos Technology and Robotics Corp.Was published in a $ 260 million transaction He said he planned to roll out the product by the end of 2022.
In both cases, the two companies pointed to the material handling sector as one place where early technology could help workers avoid work-related injuries such as musculoskeletal disorders (MSDs).
“Our exoskeleton significantly reduces the physical burden on workers in many industrial and logistic workplaces,” said Soenke Roessing, head of the Otto Bock Bionic exoskeleton, in the release. “The shortage of skilled workers, the aging workforce, the growing importance of employee safety and injury prevention, and the growing awareness of the cost of injuries contribute to the dynamic growth of the market: weight, humans. We expect the industry’s adoption rate to increase, combined with recent technological advances in engineering-based fit and functionality, and increased affordability. “
According to Otto Bock, Paexo’s product range includes wrist, thumb, and neck support solutions, and the exoskeleton suitX portfolio includes backX, legX, and shoulderX modules, as well as for workers. Reduces the risk of injury.
“With suitX, Otto Bock’s exoskeleton business Paexo will be the world’s leading exoskeleton provider in production, logistics, services and trade,” Otto Bock CEO Philipp Schulte-Noelle said in a release. increase. “We jointly generate significant socio-economic benefits by improving the occupational health of our employees while reducing absenteeism and treatment costs for illnesses in businesses and the medical system.”
Big news! Otto Bock has acquired suitX!
— Otto Bock Bionic Exoskeleton (@Ottobock_Paexo) November 3, 2021
Great news! Ottobock has acquired suitX, a US-based exoskeleton expert.We combine our expertise @USBionics When @Ottobock_Paexo To take #exoskeleton Market to a new level. Please look at the details: https://t.co/el3tYMs19o
— Otto Bock (@ottobockHQ_en) November 3, 2021
German robot suit vendor acquires California company to expand catalog
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