Meyra Group has acquired TA Service A/S
HAMBURG – August 13, 2020 – H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm with over €34 billion of equity capital under management, is pleased to announce that its portfolio company, Meyra Group (“Meyra”), a leading designer, manufacturer and seller of active, e-powered, comfort, manual and pediatric wheelchairs and orthopedics, has joined forces with TA. Service A/S (“TA Service” or the “Company”).
Founded in 1988 by Torben Andersen, the Company is a well-established producer of high-end power wheelchairs and a market leader in the Danish market. The acquisition will further strengthen Meyra’s position in the Scandinavian markets and enables both companies to continue expanding their footprint within the attractive and growing market for mobility aids. The management team, headed by Torben Andersen, will remain in place and contribute to the continued success of the Company. Torben Andersen will become a Shareholder in Meyra as a part of the transaction.
“Combining Meyra’s broad international footprint and leading technology solutions with TA Service’s expertise in high-end power wheelchairs and strong position in the Danish market makes it a highly synergetic combination for our customers,” said Michał Perner, CEO of Meyra Group. “Over the past 30 years Torben Andersen has built a highly reputable company that prides itself on innovation and customer satisfaction. We are looking forward to welcoming TA Service to the Meyra family.”
Torben Andersen, founder and Managing Director of TA Service commented, “We are enthusiastic about the strategic combination of Meyra and TA Service, which will offer considerable benefits for our employees and customers, by joining a European market leader for mobility aids. The combined company will offer a comprehensive portfolio of high-end and innovative solutions for our customers in Denmark and around the globe, and we look forward to cooperating with Mr. Perner and his team.”
Holger Kleingarn, Managing Director at H.I.G. Capital, added, “TA Service is a perfect fit to Meyra, and the transaction underlines our strong commitment to further grow the Company both organically as well as inorganically. We have been very impressed with founding CEO Torben Andersen and his management team and look forward to working together. Following the joint acquisition of Meyra and Alu Rehab, this is the second important acquisition milestone following our strategy to strengthen and expand Meyra’s position as a leading wheelchair manufacturer in Europe and beyond.”
Founded in 1936, Meyra Group is an internationally leading mobility and rehabilitation equipment provider, who designs, manufactures and distributes active, e-powered, comfort, manual and pediatric wheelchairs and orthopedics. The company is among the market leaders within the segment of premium, technologically advanced wheelchairs for active users and sells its products to more than 70 countries globally. The company is headquartered in Kalldorf, Germany and also operates manufacturing, assembly and distribution sites in Poland, Norway, Denmark and China. For more information, please refer to the Meyra Group website at www.meyragroup.com/en/.
About TA Service
TA Service is a Danish manufacturer of high-end power wheelchairs founded in 1988 by Torben Andersen, the current CEO. The company is headquartered in Tappernoje (south of Copenhagen) and is a market-leader for high-end power wheelchairs. TA Service is focused on the Danish market and has additionally built a significant international presence over the last years. For more information, please refer to the TA Service website at www.ta-service.dk/uk/.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over €34 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, Stamford and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused / value-added approach:
- I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
- I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of €28 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.