The $34 billion German private equity firm H.I.G. Capital announced definitive agreements to acquire two firms in order to from a new leading mobility equipment manufacturer.
The acquisition of Meyra Group and Alu Rehab is subject to clearing by antitrust authorities with closing anticipated by the end of the year.
Meyra Group designs, manufactures and sells e-powered wheelchairs, rehabilitation equipment and orthopedics. With operations in Germany and Poland, the firm has 600 employees.
Alu Rehab has 120 employees and is a comfort wheelchair specialist and has manufacturing facilities in Norway . . .
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