Sunrise Medical has acquired Oracing in a move described as one with “great growth potential.”
Oracing is a Spanish based designer and manufacturer of innovative sports, made-to-measure wheelchairs, and E-Mobility power products.
Commenting on the deal, Thomas Babacan, group CEO at Sunrise Medical, said: “Sports and E-Mobility are exciting yet still very fragmented market spaces with great growth potential. Oracing complements and strengthens our portfolio.
“They have achieved impressive growth with their expertise and passion; and we will further accelerate the growth leveraging our breadth of industrial knowledge and global network.”
Adding: “There are also good production, R&D and process synergies. I am looking forward to further enhancing our offering to more satisfied customers.
“Oracing has a strong and dedicated team of people headed up by an excellent management, who will continue to run the business at their current site under the Oracing brand, along with the new support and resources we have at our disposal.”