Mangar Health has been acquired by Winncare Group, a medical device firm based in France.
Bought for an undisclosed sum, Winncare will use the Welsh company to help with its continued European growth plans and accelerate into UK markets.
Mangar Health employs more than 70 staff and designs, manufactures and supplies inflatable bathing and lifting devices for people with limited mobility.
The firm has a global reach into America, Canada and Australia and has access to an international distribution network which offers additional opportunities in healthcare markets such as emergency services.
Winncare president, Philippe Chêne, commented on the deal, he said: “Mangar Health provides an exciting opportunity for Winncare and specifically our products that target community and care home customers.”
He added: “The additional capabilities strengthen and extend the services Winncare are able to offer in the UK and our combined portfolio means we can offer a complete solutions-based approach.”
The deal is backed by IDI a leading listed investment company in France, a company which has specialised in providing support to small and medium sized companies for more than 45 years.
Mangar Health CEO Simon Claridge will now head up Winncare’s UK operations, supported by the current management team.
Discussing the move, Claridge added: “Mangar Health returned growth of more than 16% last year and we have identified significant opportunities moving forward, supported by the Winncare name and presence in Europe.
“We now have an expanded portfolio of products to introduce to our customer base and the Mangar team are enthusiastic about the fantastic potential because of this acquisition.”