# SuitX x Ottobock Acquisition: partnership

Canonical ID: `54327fb6-123d-406c-9305-76489ea562eb`

Ottobock acquired 100% of suitX shares in November 2021, integrating suitX's occupational and medical exoskeleton portfolio (backX, legX, shoulderX, Phoenix) into Ottobock Bionic Exoskeletons (Paexo). Founder Dr. Homayoon Kazerooni remained as Chief Scientist.

- **Type:** investment
- **Status:** concluded
- **Verification posture:** verified

## Parties (2)

- [SuitX (US Bionics)](https://registry.deploy.report/companies/suitx.md) other
- Ottobock _(off-registry)_ investor partner

## Timeline

- **Announced:** 2021-11-03
- **Start:** 2021-11-03

## Sources (1)

1. https://corporate.ottobock.com/en/media/newsroom/ottobock-acquires-exoskeleton-specialist-suitx


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