Permobil acquires TiLite
Permobil today announced the acquisition of TiLite, a leading manufacturer of innovative and individually customized manual wheelchairs. Through the acquisition, Permobil is taking the next step in its strategy to become a leading healthcare company, providing solutions for people with complex rehabilitation needs.
Founded in 1998, TiLite has the world’s most innovative and user-focused range of active wheelchairs. The company designs and manufactures ultra-lightweight manual wheelchairs in titanium or aluminum that can be customized to each user’s exact specification. TiLite is headquartered in Pasco, Washington in the USA and currently sells in 41 markets.
Permobil CEO Jon Sintorn said, “Over the years, Permobil has evolved from a family firm into a global leader in the complex rehabilitation power wheelchair industry. We are now dedicated to building a leading healthcare company with complex rehabilitation solutions – leveraging the latest technology and medical research to benefit the people we serve. TiLite contributes perfectly to this strategy.”
TiLite CEO David Lippes commented, “The TiLite team is excited about having the opportunity to join forces with Permobil. Permobil has exceptional R&D capabilities and customer relations and we share a focus on innovation and customization for the user. We look forward to being part of Permobil’s journey to reshape the market for complex rehabilitation.”
Larry Jackson, President of Permobil North America, said, “TiLite shares our culture of excellence and commitment to delivering an outstanding wheelchair experience to our users. This is a natural fit. I am really looking forward to continue developing Permobil’s offering with TiLite onboard.”
Permobil and TiLite combined have sales of approximately SEK 2 billion. Permobil's acquisition is financed by retained cash and new debt.
For more information, please contact:
Jon Sintorn, CEO Permobil, +46 70 607 44 30, Jon.Sintorn@permobil.com
Larry Jackson, President Permobil North America, +1 615 218 0050, Larry.Jackson@permobil.com
David Lippes, CEO TiLite, +1 509-586-6117 x242, dlippes@tilite.com
Public relations contacts:
Barry Steelman, Permobil: +1 800.736.0925 Ext. 3700, barry.steelman@permobil.com
David Boninger, TiLite: +1 480-833-7438, dboninger@tilite.com
Since being founded in Sweden in 1967, Permobil has been committed to enhancing the lives of people with physical disabilities. Permobil has since become the global leader in manufacturing power wheelchairs, sold across 40 countries. Focused on the complex rehab segment, every wheelchair is built to order and custom-fit to meet the unique medical needs of each individual. Permobil is headquartered in Timrå, Sweden and has approximately 800 employees. For more information please visit www.permobil.com.
TiLite designs, manufactures, and markets the world’s broadest line of titanium and aluminum wheelchairs, and exclusively offers TiFitTM, made to measure manual mobility. TiLite is sold in 41 countries and is headquartered in Pasco, WA. Visit us at www.tilite.com.
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