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WITTENSTEIN sells medical division to Orthofix Medical

20. Febru­ary 2020

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.

About WITTENSTEIN
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

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