KBS Corporate oversee acquistion of Avensys UK Group Ltd
Avensys UK Group Ltd has been acquired by HERMED Technische Beratung GmbH, part of the VAMED Group, a leading provider of international healthcare.
In recent years Avensys has shown high levels of growth, both in terms of sales and employee numbers, which has helped the company become one of the UK’s leading healthcare equipment service providers.
Avensys provide and maintain a wide range of medical equipment across the UK, to a wide range of customers including individual dental practices, private hospital groups, NHS, CCG’s and the MoD.
HERMED, was acquired as a subsidiary of the VAMED Group in 2008, and is a key operator within the biomedical device industry and is now active within 8 countries across Europe, with over 500 employees.
KBS Corporate Finance (Guy Haynes and John Hunt) advised the sellers on this transaction, with legal advice provided by TLT’s Manchester team comprising Ian Roberts, Nicola Bilner, Liz Delaney and Stephen Devlin.
Robert Strange, CEO, and Steve Holt, MD, commented as follows;
“I am very happy that with HERMED we have found a strong and competent partner who optimally complements our offering. Both the service portfolios and the corporate cultures are ideally matched. We see great potential for synergies and are convinced that we can sustainably increase our growth in the UK market with the support of our new partners. Everyone will profit from this in the future – we, our employees and, above all, our customers!”