H.I.G. Europe agreed to acquire wheelchair manufacturers Meyra Group SA and Alu Rehab AS for an undisclosed amount.
The acquired companies will form a new mobility equipment manufacturer, and the management teams of both will remain in their positions.
Meyra designs, manufactures and sells active and electric-powered wheelchairs, rehabilitation equipment and orthopedics. Alu Rehab manufactures comfort wheelchairs.
H.I.G. Europe is an affiliate of private fund manager H.I.G. Capital LLC. It typically invests in small and medium-sized companies.