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Baltic Yachts

April 4, 2013

Prosthetics maker Ottobock has bought an 80% stake in Finnish superyacht builder Baltic Yachts as the two companies look at opportunities to develop products outside of their respective industries.

Prosthetics maker Ottobock has bought an 80% stake in Finnish superyacht builder Baltic Yachts as the two companies look at opportunities to develop products outside of their respective industries.

Baltic Yachts, which had revenues of around €30 million in 2012, built its reputation on its carbon fibre superyachts, while Ottobock is a market leader in carbon fibre prosthetics. It provided the official prosthetics technical service at the London 2012 Paralympics and had revenues of more than €500 million in 2011, the latest numbers available.

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