Herkules acquired Handicare from ABN Amro Capital and Foinco Invest in July 2005. The company was a leading producer and distributor of technical aids for elderly and disabled in Norway.
During Herkules ownership Handicare became a leading European provider within all main areas of aids and equipment for elderly and disabled people.
- Developed and executed a buy-and-build strategy with 13 add-on acquisitions, creating a leading European player
- Integration of companies and improved operations
- Business model shifted from having 70% of sales from 3rd party products to 70% of sales from proprietary products, and a solid foothold in several countries
- Expanded from three business units; Mobility, Auto and Puls with two new business units; Patient Handling & Bathroom safety and Accessibility
Herkules Private Equity Fund I sold Handicare to Nordic Capital Fund VII in December 2010.
Read more at: www.handicare.com