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Sep 20, 2023 13:01 EEST
September 20 (SeeNews) - German medical devices manufacturer Ottobock opened a new production centre and a global shared services centre in Sofia, creating 100 new jobs, the Bulgarian economy ministry said on Wednesday.
Including the factory it opened in the southwestern city of Blagoevgrad in 2021, Ottobock has so far invested close to 22 million euro ($23.5 million) in Bulgaria, providing employment to over 300 people, the ministry said in a press release.
The German medtech company considers Bulgaria a key part of its future strategic plans due to available high-tech resources and highly-skilled talent, Ottobock COO Arne Joern said.
Tracing its roots to over 100 years ago, Ottobock, controlled by the descendants of founder Otto Bock, specialises in producing prosthetics, orthotics and bionic implants. The company has developed the world's first completely microprocessor-controlled lower limb prosthesis and the first thought-controlled prosthesis. It is backed by Swedish private equity firm EQT. Ottobock generated turnover of 1 billion euro in 2022, with over 9,000 employees in some 60 countries worldwide.
($ = 0.9350 euro)
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