Mobility Networks Group (MNG), which provides equipment solutions to the market, has taken over a Spanish manufacturer that specialises in wheelchair accessible vehicles (WAVs).
IAV, which formerly traded as Caradap, will be operated under the name Caradap.
The move will see MNG create two distinct business units for the Iberian market made up of Mobility Networks Iberia and Caradap.
Wayne Harmer, group managing director at MNG, said: “Caradap will focus on supplying the local WAV market while Mobility Networks Spain will focus on supplying converters in the Iberian market place with our full range of innovative and quality products to M1, M2 and M3 converters and end users.
“The combination of Caradap’s WAV design and installation capabilities will add significant value to this key market.”
It is hoped that the acquisition will strengthen MNGs position in the market.
The company said the takeover “demonstrates a plan to be a leading global supplier of WAV kits of multiple brands”.
Caradap’s general manager, Joaquín Leizaola, said: “The incorporation of Caradap to the Mobility Networks Group will ensure the productive capacity and the technological evolution to continue offering the best vehicle accessibility solutions, with a range of products technically advanced and in a constant evolution.”
Image credit: MNG