Ottobock Acquires Exoskeleton Specialist suitX

Mechanix Wear Acquires OTEX to Expand Tech-Enabled PPE Offerings

March 16, 2026

Medical Devices

Mechanix Wear, backed by Gryphon Investors, acquired OTEX, a developer and manufacturer of tech-enabled personal protective equipment (PPE) featuring patented safety and air-quality/cooling technologies. OTEX CEO Jake Weidert will remain with the organization as Vice President of Technology and Materials, and OTEX will operate under Mechanix Wear’s Chicago Protective Apparel division; transaction terms were not disclosed.

Riddell Acquires Simbex to Strengthen Athlete Performance and Health Technology Capabilities

April 2, 2024

Medical Devices

Riddell has acquired Simbex, a product design and development firm with deep expertise in sports, medical, and health technologies, cementing a long-standing partnership to accelerate Riddell’s smart helmet and athlete-monitoring technology roadmap. The acquisition brings Simbex’s engineering, AI/analytics, and commercialization capabilities in-house to enhance next-generation head protection, performance monitoring, and medical-device development.

Professor Hans Georg Näder and Näder Family Acquire EQT's 20% Stake in Ottobock

March 13, 2024

Medical Devices

Professor Hans Georg Näder and the Näder Family have agreed to buy EQT Private Equity's 20% stake in Ottobock, returning the company to fully family ownership. Ottobock, headquartered in Duderstadt, Germany, is a global leader in prosthetics, orthotics and neuro-mobility solutions with over 9,000 employees and c. EUR 1.5 billion in 2023 sales; the transaction is expected to close in H1 2024.

Quest Defense Acquires EXB Solutions

October 19, 2022

Engineering Services

Quest Defense Systems & Solutions, the U.S. defense subsidiary of Quest Global, has acquired Minneapolis-based EXB Solutions. The acquisition expands Quest Defense’s capabilities in systems and software engineering for safety- and mission-critical applications across aerospace, defense and medical device markets.

Quest Global / Quest Defense Acquires EXB Solutions

September 1, 2022

Engineering Services

Quest Global has acquired EXB Solutions and integrated it into its U.S. subsidiary Quest Defense Systems & Solutions. The acquisition expands Quest Defense's systems and software engineering capabilities for mission- and safety-critical applications across the aerospace, defense and medical devices markets.

Ott Scientific Acquires American Bionostica

April 1, 2021

Medical Devices

Ott Scientific has acquired American Bionostica, Inc., a developer and manufacturer of specialty lateral flow assays; the acquisition was effective April 1 and ABI will operate inside Ott Scientific’s Ethos Biosciences subsidiary. The American Bionostica team will join Ott Scientific, with expanded research and production capacity planned at Ott Scientific’s new ISO13485/cGMP space in Logan Township, New Jersey.