Intera Partners has acquired a majority stake in Finnish health technology firm Merivaara Oy, with plans to enhance its growth and competitive position in both domestic and international markets.

Target Information

Merivaara Oy, a Finnish health technology company founded in 1901, specializes in the development and manufacturing of hospital furniture and systems. They offer integrated operating room solutions and services that extend product lifecycles. Highly regarded for their ease of use, durability, and ergonomic design, Merivaara's products are utilized in over 120 countries. The company reported a revenue of nearly €40 million in 2012 and employs around 140 staff across four countries. The headquarters, manufacturing, and product development are located in Lahti, Finland, with subsidiaries focusing on sales and marketing in Sweden and Norway as well as a sales organization in Russia.

Currently, Intera Partners, a private equity firm, is acquiring a majority stake in Merivaara. The company's existing operational management and key personnel will join as significant minority shareholders. The new ownership aims to expand Merivaara's business and strengthen its competitiveness and position in both domestic and international markets. The sellers of the shares are the current majority owners and board members Ilkka Laipio and Jukka Suominen, along with a group of minority shareholders.

Industry Overview in Finland

The global health technology market continues to grow, and Finland plays a vital role in this industry. Health technology accounts for approximately 29% of Finland's high-technolo