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Ottobock has confirmed plans to divest its wheelchair manufacturing division in Königsee, Thuringia, as part of an ongoing portfolio optimization strategy. CEO Oliver Jakobi stated that discussions are underway with multiple interested parties, with preliminary agreements anticipated in the coming months.
The company emphasized that the objective of the transaction is to safeguard both the Königsee facility and its workforce. The site currently employs just over 270 staff. While the final structure of the deal remains undecided, Jakobi acknowledged that a full sale is among the possible outcomes. He also stressed that employee positions are not expected to be adversely affected.
Negotiations have deliberately progressed at a measured pace. Management has made clear that the plant will not be sold under conditions that could result in a subsequent closure. Completion of the separation is targeted no later than mid-2027.
A Site with Deep Historical Roots
Königsee holds particular historical significance for Ottobock. The company was originally headquartered there from 1920 until 1948, before being expropriated by Soviet occupying authorities and relocating to Duderstadt, Lower Saxony. Following German reunification, Ottobock reacquired its former property in 1991 and later established its wheelchair operations at the site.
Jakobi acknowledged the emotional dimension of the decision, noting that Königsee represents an important chapter in the company’s heritage.
Strategic Focus on Core Segments
Explaining the rationale behind the move, Jakobi stated that the wheelchair business no longer aligns closely with Ottobock’s core strategic priorities. The company intends to concentrate resources on segments where it maintains strong technological leadership and market-leading positions, while exiting areas characterized by greater competitive fragmentation.
CFO Arne Kreitz added that the wheelchair division is one of five business areas identified for divestment or closure since 2022. Three of these have already been completed. In addition to the Königsee operation, Ottobock is also seeking a buyer for a smaller U.S.-based billing services provider.
