Investment AB Latour (publ) has, through its subsidiary REAC AB, signed an agreement to acquire the German company AAT GmbH, a leading supplier of powered stair climbing solutions and add-on drives products on the European Mobility Rehab market.
REAC develop, manufacture and market motion systems to customers within the global Mobility Rehab Market. The acquisition will enhance REAC’s product range and strengthen the market position as well as provide a good base for further growth within interesting segments. AAT develop, assemble and supply electrical drive-, push- and climb systems for the European Mobility Rehab Market. The company has an annual turnover of EUR 17.8 m, with stable EBIT-margins and has 72 employees.
”AAT is a well-managed company and I am very happy to be able to create an even stronger base for the REAC Group and its subsidiaries in this interesting and dynamic market”, says Mauritz Sahlin, CEO of REAC AB.
”We are proud over what we have achieved with AAT during the years and also proud that we have found a professional long term industrial owner who is committed to invest in and develop the company further”, says Thomas and Markus Alber, founders and sellers of AAT.
Göteborg, 3 April, 2017
Investment AB Latour (publ) Jan Svensson President and CEO
For further information please contact:
Mauritz Sahlin, CEO, REAC AB, +46 733 35 16 03 or
Björn Lenander, Chairman REAC AB, +46 708 19 47 36