Wheelchair accessible vehicle and wheelchair lifts manufacturer BraunAbility expands its European presence by acquiring the remaining shares of European mobility manufacturer Autoadapt AB.
BraunAbility previously owned 47.5% of Autoadapt from a 2011 purchase, since that time, Autoadapt has been the sole distributor of BraunAbility lifts in Europe.
Autoadapt, based in Stenkullen, Sweden, along with its wholly owned subsidiaries Unwin, based in Martock, United Kingdom, and Martech, based in Kliplev, Denmark, provide products for people with limited mobility. All three companies combined generated more than $50 million (USD) in revenue in 2017, explains a media release from BraunAbility.
“Autoadapt will help us change more lives, develop innovative products, and expand our global reach,” says BraunAbility CEO Staci Kroon, in the release.
“There’s nothing I’m more proud of than how far we’ve managed to come with Autoadapt,” states Autoadapt founder Peter Wahlsten, per the release. “Together with our employees and dealers we’ve brought vehicle adaptation to the masses, including to countries where people with disabilities previously weren’t allowed to drive.”
“Looking forward,” he adds, “I believe this step will go down in Autoadapt’s history as a major turning point.”
[Source(s): BraunAbility, PR newswire]