TLT has advised Avensys UK Group on its acquisition 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 provides and maintains a wide range of medical equipment across the UK, to a wide range of customers including individual dental practices, private hospital groups, the NHS, CCGs and the Ministry of Defence.
HERMED was acquired as a subsidiary of the VAMED Group in 2008. It is a key operator within the biomedical device industry and is now active in eight countries across Europe, with over 500 employees.
The TLT team included partners Ian Roberts, Liz Delaney and Stephen Devlin and solicitor Nicola Bilner. Guy Haynes and John Hunt from KBS Corporate Finance also advised the sellers.
Robert Strange, CEO, and Steve Holt, managing director at Avensys, said: "We are 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 - us, our employees and, above all, our customers."
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