Permobil improves portfolio
By HME News Staff
Updated 9:18 AM CDT, Tue April 27, 2021
STOCKHOLM – Permobil plans to buy Progeo, an Italian manufacturer of manual wheelchairs, to improve its portfolio in Europe.
“Progeo’s products will be available to users in more countries,” said Bengt Thorsson, CEO of Permobil. “At the same time, this deal increases the possibility to offer Permobil’s product range in Italy. This is an important step in our overall strategy of developing the next generation of advanced assistive technology and services for individuals.”
The transaction is expected to close in June, subject to regulatory approvals. Terms of the deal will not be disclosed.
Progeo, which generates about EUR 10 million, complements Permobil’s manual wheelchair offering with ultralight manual wheelchairs and carbon fiber models.
“Progeo is known for its high-quality products, careful selection of materials and moreover, showing respect and consideration to the individuals who use the products,” said Markus Mauer, regional president Europe, Permobil.
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