The public offer launched by Savaria for Handicare in January 2021 has been completed and Nordic Capital Fund VII has fully exited the company.
Handicare offers solutions to increase the independence of disabled or elderly people, and to facilitate for their care providers and family. The offering encompasses a comprehensive range of curved and straight stairlifts, transfer, lifting and repositioning aids and vehicle adaptations. Handicare is a global company with sales in some 40 countries and is one of the market leaders in this field. The head office is in Stockholm, Sweden and manufacturing and assembly is located at four sites distributed across North America, Asia and Europe. In the twelve-month period to December 2020, revenue amounted to MEUR 205 and the adjusted EBITA margin was 8.4%. Employees amounted to approximately 940 and the share is listed on Nasdaq Stockholm. For more information, www.handicaregroup.com.