Etac AB
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Etac AB - overview
Established
1972
Location
-, -, Sweden
Primary Industry
Medical Devices & Equipment
About
Etac AB specializes in developing ergonomic assistive devices and patient handling equipment aimed at enhancing the quality of life for individuals with mobility challenges. Their innovative solutions cater to both adult and pediatric users. Founded in 1972 in Sweden, Etac AB focuses on delivering high-quality assistive devices and has navigated its strategic approach to enhance user experience and adaptability. The company has engaged in three notable deals, with the most recent occurring on June 19, 2024.
The co-CEOs, Marianne Strompf and Michael Wirzberger, lead the firm, which has not been indicated as a subsidiary of or part of a larger corporation. Etac is a prominent developer of ergonomic assistive devices and patient handling equipment, focusing on improving the quality of life for individuals with mobility challenges. The company's core offerings include a wide range of adaptable wheelchairs, mobile shower commodes, and various patient handling solutions designed for both adult and pediatric users. Their products, such as the R82 Chilla buggy for children and the lightweight Xact wheelchair, are engineered to enhance comfort and support during daily activities while accommodating individual user needs.
Etac's devices are used in diverse care settings, including hospitals, rehabilitation centers, and home care environments, catering to clients such as healthcare facilities, caregivers, and families across more than 70 countries, including markets in North America, Europe, and Australia. In the most recent fiscal year, 2022, Etac reported revenue of USD 71. 69 mn and an EBITDA of USD -0. 37 mn.
The company generates revenue through a combination of direct sales and partnerships with healthcare providers and distributors globally, typically involving B2B relationships where hospitals and rehabilitation centers acquire assistive devices for their facilities. Products such as the Etac Alto—a powered mobile shower commode—and various adaptive wheelchairs are sold directly to clients or through authorized distributors, with pricing plans tailored to meet specific needs, bolstered by ongoing support and service agreements. In June 2024, Etac AB raised USD 326 mn in a revolving credit facility and a term loan facility from new investors SEB, Danske Bank, and AB Svensk Exportkredit. The company plans to utilize these funds to enhance its product development and expand its market reach.
Upcoming products include innovative adaptations of existing product lines aimed at improving user experience, with launches expected in 2025. Additionally, Etac is targeting expansion into new geographic regions, including Asia and Latin America, by mid-2025 to strengthen its global presence.
Current Investors
Nordstjernan
Primary Industry
Medical Devices & Equipment
Sub Industries
Therapeutic Devices
Website
www.etac.com
Verticals
FinTech
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Etac AB - timeline of key events
Etac AB - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 165,329,000 | 205,264,000 | 262,079,000 | 302,471,000 | 360,744,000 | 414,220,000 | 473,778,000 | 443,812,000 | 479,608,000 | 521,447,000 | 614,435,000 | - | - | - |
| % Revenue Growth (YoY) | - | 24.2% | 27.7% | 15.4% | 19.3% | 14.8% | 14.4% | (6.3%) | 8.1% | 8.7% | 17.8% | - | - | - |
| EBITDA (USD) | (15,484,000) | (30,697,000) | (1,281,000) | 12,688,000 | (9,771,000) | 16,028,000 | 19,476,000 | 38,894,000 | (11,592,000) | (15,224,000) | (13,894,000) | - | - | - |
| Operating Income (USD) | (17,784,000) | (30,727,000) | (1,311,000) | 11,884,000 | (10,735,000) | 14,874,000 | 18,217,000 | 37,462,000 | (13,303,000) | (17,119,000) | (18,548,000) | - | - | - |
| Operating Margin | (10.8%) | (15.0%) | (0.5%) | 3.9% | (3.0%) | 3.6% | 3.8% | 8.4% | (2.8%) | (3.3%) | (3.0%) | - | - | - |
| % EBITDA Margin | (9.4%) | (15.0%) | (0.5%) | 4.2% | (2.7%) | 3.9% | 4.1% | 8.8% | (2.4%) | (2.9%) | (2.3%) | - | - | - |
| NET Income (USD) | (24,108,000) | (61,837,000) | (27,380,000) | 29,970,000 | 21,713,000 | 64,551,000 | 134,313,000 | 13,917,000 | 123,783,000 | 30,268,000 | 294,714,000 | - | - | - |
| % Net Margin | (14.6%) | (30.1%) | (10.4%) | 9.9% | 6.0% | 15.6% | 28.3% | 3.1% | 25.8% | 5.8% | 48.0% | - | - | - |
Etac AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, LP Direct | Completed | Klaxon Mobility GmbH | - | ||||||||
| Private Debt | Completed | Etac AB | - | ||||||||
| Add-on | Completed | Ki Mobility, LLC | - | ||||||||
| Add-on | Completed | HoverTech International | - | ||||||||
| Buyout | Completed | Etac AB | - |
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Etac AB - employee data
Etac AB - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board member | BM |
BM Board Member
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