February 2020

Ottobock Approved for €100 million in Financing for Product Development

The European Investment Bank (EIB) is providing financing of up to €100 million to Ottobock SE & Co. KGaA, Duderstadt, Germany. The company will use the funds over the next three years to fund new product development and product improvements with a focus on prosthetics, orthoses, and human mobility. The loan is backed by a guarantee from the European Fund for Strategic Investments (EFSI).

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