- Medical Equipment Group, parent company of Funke Medical and portfolio company of HQIB, acquires 100% stake in DERON
- Cooperation with Simone and Wilfried Grimberg, founders of DERON, who have a minority stake in Medical Equipment Group
- The boards of DERON, Funke Medical and Medical Equipment Group remain unchanged
- Additional additions to respective portfolios accelerate Medical Equipment Group’s growth and internationalisation
Raesfeld / Gendt / Bad Homburg, 5 June 2023.
MEG Medical Equipment GmbH (“Medical Equipment Group”), parent company of Funke Medical GmbH (“Funke Medical”), acquires 100% of the shares in Deron B.V., Lima B.V. and Connect Foam Care B.V. (together “DERON”). The acquisition is supported by Harald Quandt Industriebeteiligungen GmbH (“HQIB”), majority shareholder of Medical Equipment Group.
DERON is the leading supplier of medical mattresses and beds for the prevention and treatment of pressure ulcers in the Netherlands. In addition, DERON positions itself as an innovation leader and differentiates itself from its competitors in the market with circular mattresses and digital solutions for the healthcare sector, among others.
The current boards of DERON, Funke Medical and Medical Equipment Group remain unchanged. Simone and Wilfried Grimberg, founders of DERON, are taking a minority stake in Medical Equipment Group.
DERON and Funke Medical will remain operationally independent with their brands and will cooperate in the future according to the common group strategy. The long-term cooperation between HQIB, Funke Medical and DERON is aimed at sustainable growth for the group, both through organic growth and further acquisitions.
Further details of the transaction were not disclosed.
“Our goal when establishing the Medical Equipment Group in 2021 was to successfully develop Funke Medical as the core of a new group of companies, to drive internationalisation and to make targeted moves in strategically important areas, especially innovation and technology. We are pleased to have found a partner in DERON that complements our competences and brings in new digital expertise. We look forward to working with Simone and Wilfried Grimberg and to cooperating with the entire DERON team,” says Andreas Funke, Managing Director of the Medical Equipment Group and Funke Medical.
“With Funke Medical, we have found the ideal partner to take our innovations and technological developments beyond the borders of the Netherlands. The complementary portfolios of Funke Medical and DERON broaden the Medical Equipment Group and accelerate growth and internationalisation. We are excited to create additional development opportunities for DERON as part of the Medical Equipment Group, including through Funke Medical’s established distribution channels to 1,400 customers in medical retail, nursing homes and hospitals in Germany and 34 other countries,” said Simone and Wilfried Grimberg, founders of DERON.
“We are pleased to strategically expand the Medical Equipment Group with DERON. In particular, the strong focus on digital and sustainable products ensures optimal expansion of the Medical Equipment Group. We are optimistic that we can continue the successful growth path of both companies and continue to look for attractive investment opportunities for the group,” said Florian Kunkel, managing director of HQIB.
About Funke Medical
Funke Medical is a leading supplier of high-quality medical lying, sitting and positioning systems. Production takes place at three sites in Raesfeld, North Rhine-Westphalia. Funke Medical is the market leader in pressure ulcer prophylaxis and therapy within home care in Germany. The company is internationally positioned and maintains long-term business relationships at home and abroad. Among other things, Funke Medical is characterised by medical competence, continuous high quality and reliable deliverability.
AboutDERON
DERON is an expert in medical lying and positioning systems. DERON has its headquarters with several branches in Gendt (Netherlands), where medical high-low beds are also assembled. A market leader in the Dutch healthcare sector, DERON not only focuses on pressure ulcer prevention and therapy, including with circular products, but also relieves the burden on nursing staff with digital solutions including “smart” mattresses. Safety and the best possible care are paramount at DERON.
About Harald Quandt Industriebeteiligungen
Harald Quandt Industriebeteiligungen is an investment company owned by the Harald Quandt family and a small number of selected partners. HQIB invests in medium-sized companies operating in established and technically advanced sectors with attractive growth potential. As an industrial holding company, HQIB pursues a long-term sustainable investment approach and is not subject to maturity restrictions or limited holding periods.
Contact
Funke Medical GmbH
Andreas Funke
CEO
Ährenfeld 10 | 46348 Raesfeld
T +49 2865 266 93 50
a.funke@funke-medical.de | www.funke-medical.de
Deron B.V.
Simone Grimberg
Managing director
Willem Alexanderstraat 5
NL-6691 EE Gendt
T +31 481451344
s.grimberg@deron.nl | www.deron.nl
Harald Quandt Industrial Holdings GmbH
Florian Kunkel
Director
Am Pilgerrain 17 | D-61352 Bad Homburg vor der Höhe
M +49 6172 59519-65
fk@hq-ib.com | www.hq-ib.com
– End of press release –
