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H.I.G. Europe to acquire Meyra Group, Alu Rehab

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.