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Welzorg

Status
Realised
Country
Netherlands
Strategy
Mid Cap
Sector
Healthcare
Entry
Dec-02
Exit
Jan-11
Fund
IK 2000
Website

Leading distributor of mobility aids for elderly and disabled people

Welzorg, headquartered in the Netherlands, is a leading distributor of mobility aids for elderly and disabled people in the Netherlands, Denmark, and Sweden.

Welzorg’s business consists primarily of the sale, long-term rental and maintenance of manual and powered wheelchairs and scooters. The company delivers these mobility aids directly to the end-users and provides the necessary after-sales service. Welzorg’s main customers are municipalities and health care institutions.

In December 2002, the IK 2000 Fund completed acquisition from UBS Capital, and the company was subsequently sold to Lowman Group in January 2011.

Our Value Creation Strategy

During our ownership, we worked alongside the management team to:

  • Further develop Welzorg’s retail network;
  • Expand customer range across the Netherlands;
  • Support organic and add-on international expansion; and
  • Leverage relationship with end-users by cross & up selling to build organic growth.