Intera Partners investerar i Merivaara, som tillverkar medicintekniska produkter för sjuk-och hälsovård

Intera Partners to invest in health technology company Merivaara
Ownership of the Finnish health technology company Merivaara Corporation will change with the private equity firm Intera Partners purchasing a majority holding in the company. Merivaara's management and other key employees will become significant minority shareholders. The new shareholders' aim is to develop Merivaara's business and strengthen the company's competitive advantage and position in domestic and international markets. The sellers in the transaction include the current majority shareholders and Board Members Ilkka Laipio and Jukka Suominen, and a number of minority shareholders.
The health technology market is continuing to grow globally. Health technology accounts for approximately 29% of Finnish high-tech exports, growing annually by 3.8% on average (FiHTA, 2011). Merivaara develops, manufactures and sells hospital furniture and systems. The company's new operating room systems are state-of-the-art solutions in the market. Exports generate almost 90% of the company's sales, with the Nordic countries, Russia and rest of Europe being the largest market areas. The role of emerging markets is also increasing in Merivaara's business.
"As an internationally growing company, Merivaara is a very interesting investment for Intera. The company has a long history, solid competence in the industry, and a strong market position in several countries. Furthermore, the extensive product portfolio with new system solutions gives us strong faith in the future. We will develop the operations further in cooperation with the management and personnel," says Heikki Raulo, Director at Intera.
"We want to make Merivaara a success story in the future health technology market as well. I see this new phase as an excellent opportunity for development and growth. In addition, it will help to strengthen Finland's position and credibility as an expert in health technology," says Merivaara's CEO Vesa Vihavainen.
The Merivaara group includes the Finnish company Merivaara Oy and its subsidiaries Merivaara AB in Sweden and Merivaara A/S in Norway. A fund managed by Intera Partners will become the majority shareholder in the new parent company established in connection with the acquisition, with a holding of approximately 65%. Merivaara's key employees will hold approximately 35% of the new company.
The completion of the transaction is subject to approval by the competition authorities.
For further information, please contact:
Heikki Raulo, Director, Intera Partners Oy Tel. +358 40 719 1589, heikki.raulo@interapartners.fi
Vesa Vihavainen, CEO, Merivaara Corporation Tel. +358 3 3394 6261, vesa.vihavainen@merivaara.com
Josefin Hoviniemi, Marketing & Communications Director, Merivaara