WITTENSTEIN sells medical division to Orthofix Medical
Munich — In the sale of its medical division to the Texas medical device manufacturer Orthofix Medical Inc. WITTENSTEIN SE was advised by Rödl & Partner. Orthofix Medical is thus taking over the FITBONE® and FITSPINE® medical product portfolio of WITTENSTEIN subsidiary WITTENSTEIN intens GmbH.
As a certified supplier, WITTENSTEIN intens GmbH develops, produces and sells intelligent implants for orthopaedics and traumatology as well as controllable mechatronic drive systems for medical technology.
During a transitional phase of approximately two years, production will initially remain at the current Igersheim site and only sales will be handled centrally by Orthofix Medical. The sale will not affect the employment contracts of the affected employees of WITTENSTEIN intens GmbH. — In addition to responsibility for employees, WITTENSTEIN’s primary focus in the transaction with Orthofix was to secure existing relationships with specialist clinics and patients.
With the introduction of the FITBONE® System, Orthofix Medical becomes the only medical device manufacturer in the orthopedic field to offer a comprehensive portfolio of internal and external limb lengthening solutions.
In the context of the transaction, WITTENSTEIN was supported by a specialized and cross-disciplinary transaction team from Rödl & Partner as advisors on legal and tax transaction issues.
WITTENSTEIN SE, based in Igersheim in the Main-Tauber district, stands for innovation, precision and excellence in the world of mechatronic drive technology, both nationally and internationally. The Group comprises six innovative business units, each with its own subsidiaries: servo gear units, servo drive systems, medical technology, miniature servo units, innovative gear technology, rotary and linear actuator systems, nanotechnology, and electronic and software components for drive technology.
About Orthofix Medical
Orthofix Medical is a global manufacturer of medical devices, including high-quality regenerative and reconstructive solutions for orthopedic and spine surgeons. Orthofix is headquartered in Lewisville, Texas, USA.
Advisors to WITTENSTEIN SE: Rödl & Partner
Dr. Oliver Schmitt, Partner (Corporate/M&A), Munich, Overall Project Management — Legal
Michael Beder, Associate Partner, (Corporate/M&A), Munich — Legal
Claudia Geercken, Senior Associate, (Corporate/M&A), Munich — Legal
Dr. Dagmar Möller-Gosoge, Partner, (Tax Law), Munich — Tax
Simone Rupp, Associate Partner, (Tax Law), Munich — Tax