HIG to acquire Meyra and Alu Rehab

HIG is currently investing from HIG Europe Capital Partners II, which closed on €825m in 2013 and was 71% deployed in March 2019. The fund writes equity cheques of €20-40m.

The firm plans to combine the two companies. Following the merger, the companies expect to find synergies in manufacturing, logistics, assembly and sales.

The companies' management teams will remain in their positions.

Company
Founded in 1936, Meyra designs, manufactures and sells active and electricity-powered wheelchairs, rehabilitation equipment and orthopaedics. With manufacturing, assembly and distribution sites in Germany and Poland, Meyra employs approximately 600 staff and is expected to generate more than €80m in sales in 2019, according to a statement.

Founded in 1989, Alu Rehab manufactures wheelchairs and sells its products under the Netti brand. Alu Rehab employs approximately 120 people in manufacturing, assembly and distribution facilities in Norway, Denmark and China.

People
Meyra Group – Michael Perner (president).
Alu Rehab – Kjetil Gausel (CEO).
HIG Europe – Holger Kleingarn (managing director).

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