The shareholders of Hedemora Anpassning AB (Hedemora), a company that provides products for disability adaptations in the automobile industry, have sold the company to Permobil AB. Financial terms of this transaction have not been disclosed.
Hedemora was established in 1996 and is engaged in the business of adapting vehicles for clients with functional disabilities, as well as developing and producing related products. The two founders, Rickard Undevik and Ove Lund, will stay with the company after the transaction is completed.
Permobil AB was established in 1967 and is one of the leading producers of power wheelchairs in the world.
Oaklins' team in Sweden has acted as the exclusive financial advisor to the seller in this transaction.
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