Nord Kapitalforvaltning acquires Hepro

Hepro's management will hold the remaining stake following the investment.

The Norwegian GP's investment will be used to support organic growth and finance acquisitions to continue the company's growth strategy.

Nord's acquisition of Hepro was made through the Nord II fund, a Norway-based vehicle that has previously invested in defence business Natech and offshore equipment company Rappmarine.

Company
Founded in 1987, Hepro produces mobility products for the disabled and elderly. Its products include electric wheelchairs, support rods, office chairs, hygiene-related products and tables.

The company employs 40 people and is based in Rognan in the north of Norway.

People
Kurt Jan Jensen is the managing partner of Nord and incoming chairman of Hepro's board. He worked on the deal alongside Nord partner, Bjørn Hesthamar.

Trond Tidemann is a shareholder and the outgoing chairman of Hepro, while Truls Aanstad is the CEO and also holds a stake in the business.

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• Nordics
• Healthcare
• Buyouts
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