European equipment manufacturer Etac has boosted its patient handling offering after it acquired nearly three quarters of US supplier HoverTech.
HoverTech manufactures air-assisted patient handling technologies, focusing on devices for lateral transfer and repositioning.
The company’s sales in 2018 totalled around $100 million (£80m). Etac bought 70% of the company’s shares for an undisclosed amount, positioning HoverTech for growth in Europe, the US and important export markets.
Michael Wirzberger, Etac’s interim CEO, said that the investment “significantly strengthens our position within patient handling and in the US market”.
“Etac’s and HoverTech’s products and geographical focus complement each other well, and with our common passion for creating better opportunities for users, patients and caregivers, I am convinced that we can create something really good together.”
Dave Davis, founder and CEO of HoverTech, said: “We are very pleased to have Etac as the majority shareholder in HoverTech. Together with Etac, we look forward to taking the company to the next level.”
Etac’s sales in 2018 amounted to approximately SEK 1,750 million (£150m) and the company has over 900 employees.
Etac’s portfolio includes manual wheelchairs, patient handling equipment, bathing and toileting aids, pressure care products and a special range of mobility equipment for children and adolescents.
The head office is located in Sweden with manufacturing and R&D units in Europe and North America.
Image credit: HoverTech