YOUR
Search

    26.06.2024

    ADVANT Beiten Advises Aesculap on Sale of TETEC AG to the Canadian Octane Group

    Press Releases

    Dusseldorf, 26 June 2024 – The international law firm ADVANT Beiten has provided interdisciplinary advice to Aesculap AG, a subsidiary of the B. Braun group seated in Melsungen, Germany, on the sale of its participation in TETEC Tissue Engineering Technologies AG, Reutlingen, Germany, to the Canadian Octane group. The parties have agreed not to disclose the transaction volume.

    TETEC AG, which specialises in regenerative medicine, had been integrated into the international medical technology group B. Braun through the surgical division Aesculap, based in Tuttlingen, Germany. In future, Aesculap will strategically focus even more strongly on innovative medical technology relating to surgical processes in the operating room, which means that the regenerative medicine business segment no longer fits into the medical technology group's portfolio.

    In the United States, B. Braun has partnered with Octane Medical for more than ten years. With the completion of the transaction, the Canadian specialist for regenerative medicine has taken over TETEC completely, including the approximately 160 highly specialised employees at the site in Reutlingen, Germany.

    Octane is a global group of companies headquartered in Ontario, Canada, with subsidiaries in the United States and Europe, specialising in innovative processes, biomaterials and bioreactors for regenerative medicine. Part of the group are Octane Clinical Systems, Octane Orthobiologics, Octane Exo, Octane Biotech and Octane Biotherapeutics (BioTx).

    B. Braun is one of the world's leading medical technology companies. With over 60,000 employees, B. Braun is a reliable partner that develops intelligent solutions and sets pioneering standards to accelerate progress in healthcare.

    Advisors to Aesculap AG:
    ADVANT Beiten: Dr Sebastian Weller (lead partner), Nico Frielinghaus, Dr Winfried Richardt, Markus Schönherr, Sarah Heinrichs, Simon Litterst (all Corporate/M&A), Christian Schenk, Markus Linnartz (both Tax), Thomas Herten (Real Estate), Christian Döpke (Data Protection Law, all Dusseldorf), Dr Erik Schmid (Labour Law), Christoph Heinrich (Antitrust Law, both Munich), Rainer Süßmann (Banking & Finance, Frankfurt), Dr Christian von Wistinghausen, Lelu Li (both Foreign Trade Law, Berlin).

    Advisor to Octane Medical:
    Osborne Clarke

    Media Contact
    Frauke Reuther
    Manager Kommunikation
    ADVANT Beiten
    +49 (69) 75 60 95 - 570
    frauke.reuther@advant-beiten.com

    Dr Sebastian Weller
    Rechtsanwalt
    ADVANT Beiten
    +49 (211) 51 89 89 - 134
    sebastian.weller@advant-beiten.com

    ADVANT Beiten Advises Banyan Software on Acquisition of FoxInsights
    Freiburg, 10 February 2025 - The international law firm ADVANT Beiten has provid…
    Read more
    Football and Law - Episode 2: Football clubs and cooperatives
    Cooperatives are usually found in the areas of finance, housing and agriculture.…
    Read more
    Football and Law - Episode 1: SUPER LEAGUE = SUPER LITIGATION
    Football competitions are a billion-dollar business. And they are getting bigger…
    Read more
    Merry Christmas - Liability pre-sented under the Christmas tree
    It is 'business as usual' for a lawyer, but highly emotional and a heavy strain …
    Read more
    Tattoos in video games - and what the German Federal Court of Justice's “photo wallpaper ruling” might have to do with it
    The depiction of tattoos of real people, mostly athletes, in video games is a re…
    Read more
    Real Estate Dusseldorf: ADVANT Beiten Wins Team of Four Including Partner Dr Philipp Pröbsting from PWC Legal
    Dusseldorf, 19 December 2024 - The international commercial law firm ADVANT Beit…
    Read more
    Admissibility of Termination Clauses as Vesting Schedules in Start-ups
    In start-up financing, termination clauses may be effective which stipulate that…
    Read more
    Why we (in particular the management) need to continue to take the German LkSG seriously and how it (also) relates to the pending implementation of the CSRD
    The German Supply Chain Due Diligence Act (Lieferkettensorgfaltspflichtengesetz,…
    Read more
    New: The Regulation on the prohibition of products made with forced labour ("Forced Labour Regulation")
    On 19.11.2024, after the European Parliament, the Council of the European Union …
    Read more