TOPRO, a Norwegian producer of rollators, has announced the acquisition of the entire share capital of mobility aids manufacturer AssiTech.
AssiTech is known for developing the AssiStep, an innovative stair walker that TOPRO says will complement its existing product offering.
Asbjørn Eskild, CEO of TOPRO, said: “The AssiStep is a walking aid for stairs, like a rollator is for flat surfaces, and helps keeps users active.”
He added: “With the AssiTech founders and team onboard, we will further strengthen our competence and entrepreneurial thinking within TOPRO.”
The AssiStep started its journey back in 2012 when three students graduated from the Norwegian University of Science and Technology in Trondheim.
Halvor Wold, founder and managing director of AssiTech, explained: “We began our work developing the AssiStep as students at NTNU. Our aim was to make a completely new and revolutionary walking aid to enable more people to live at home for as long as possible. The AssiStep is now available in more than 15 countries, and the company has doubled its revenue the last two years.”
Commenting on the acquisition, Wold said: As part of the TOPRO group, we can benefit from TOPRO’s distribution strengths and operational experience to further grow and develop the AssiStep in the years to come.”
Over the last three to four years, the number of AssiStep units sold has grown with more than 30% per year on average.
Following the acquisition, the AssiTech founders will continue running the AssiStep business as part of the TOPRO group.
Caption: Asbjørn Eskild and Halvor Wold.