HIG-backed Meyra acquires TA Service

The firm acquired mobility products manufacturers Meyra and Alu Rehab in October 2019 with a view to merging them. HIG was 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.

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.

Company
Founded in 1988, TA Service is a supplier of high-quality electric wheelchairs and mobility solutions. It is based in Tappernøje.

Advisers
Equity – EY Law (legal).

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