Etac to acquire 70% stake in HoverTech International.

Etac, a global supplier of mobility equipment and solutions, has agreed to acquire 70% stake in HoverTech International, a US patient handling company. Financial terms were not disclosed. The investment strengthens Etac’s global position and will create a strong platform for further growth in Europe, the US and important export markets. “The investment in HoverTech is a game-changer for Etac. It represents much greater exposure toward the US and creates a platform to accelerate growth in the region. The substantial cross sales potential strengthens Etac’s global position as a supplier of patient handling equipment.” Nora Larssen, Etac’s chairman.