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Otto Bock Acquires Springlite

27 April 2001


Otto Bock Healthcare has acquired Springlite, the Salt Lake City based, manufacturer-distributor of high-tech composite prosthetic feet. The acquisition includes Springlite's plant in Salt Lake City and the 30+ employees who work there. Otto Bock, founded in 1919, is based in Duderstadt, Germany. North American headquarters have been in Minneapolis, Minn., since 1958.

The acquisition complements Otto Bock's leading worldwide position in prosthetic components and gives Springlite products access to Otto Bock's global sales and distribution network. Otto Bock can now offer customers and patients an even broader range of prosthetic feet. The company already leads the market in upper extremity myoelectric prostheses, knee components and computer-controlled lower-extremity components, such as the state-of-the-art C-Leg(R) Knee-Shin System.

""Springlite's full line of high-tech, carbon fiber composite prosthetic feet rounds out Otto Bock's portfolio beautifully,"" said Bert Harman, president and CEO of Otto Bock North America. ""Springlite has developed a reputation for technological innovation and superb customer service,"" he added. ""We're delighted to welcome their employees.""

Harman explained that the orthotic-prosthetic industry has been consolidating over the past few years and would expect Otto Bock to be an active participant in manufacturing consolidations. Otto Bock's core business is the research, development, manufacture and distribution of technologically innovative prosthetic and orthotic products.

John Merlette, president of Springlite, said, ""As we looked at how best to take Springlite into the 21st century, we could not have imagined a better home for our products and our employees than Otto Bock."" Located in Salt Lake City, Utah, Springlite began the design and manufacture of prosthetic devices in 1988. Fueled with extensive manufacturing expertise gained by developing advanced composite structures for aerospace industries, Springlite has maintained its leadership in prosthetics through innovative design and adherence to exacting quality standards. Springlite is an industry leader in elastomer technology and composite fabrication and its products are among the lightest and most durable available.





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