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The Braun Corporation becomes part-owner of Autoadapt STENKULLEN, SWEDEN – 14 March 2011 – Privately-owned US company The Braun Corporation, world leader in wheelchair accessible vehicles, has acquired a substantial ownership position in the Swedish company Autoadapt from Bruno Independent Living Aids. Together, the three companies will offer the widest range of products on the world market for vehicle adaptations for the disabled and elderly. Autoadapt will continue product development and plan to form more partnerships as a product supplier to the automotive mobility industry. The company is also expanding its business into new areas such as taxis, community transport and buses, which are growing markets for increased accessibility for people with limited mobility. “This gives us an incredible opportunity to fulfill our dream of making it possible for anyone with limited mobility to live a more independent life”, explains Peter Wahlsten, Vice President of Autoadapt. Autoadapt’s tradition of providing reliable, user-friendly and safe products is reflected in its commitment to evolving the industry. The solutions for vehicle adaptation include products for getting in and out of the car, both as a passenger and as a driver, bringing wheelchairs in the vehicle, driving and comfort solutions. The addition of products from the Braun Corporation will complement the existing product range and open up new markets in the field of commercial vehicles. The goal is to increase the turnover in Autoadapt from SEK 160 million in 2010 to SEK 500 million in 2016. Peter Wahlsten continues, “The demand for our solutions continue to increase each year as more people become aware of the possibilities. We already need to employ more staff, both in our production unit as well as in other departments”. In conjunction with Braun's investment in Autoadapt, Braun has merged its wholly owned European company, UVL Lift AB, into Autoadapt. The majority of the shares in Autoadapt are now owned in equal parts by Bruno and the Braun Corporation. A smaller number of shares are held by Autoadapt’s founders, Peter Wahlsten and Håkan Sandberg, who will continue to run the company.
About Autoadapt About The Braun Corporation About Bruno Independent Living Aids Contact Information Autoadapt:
For more information about Autoadapt solutions, please visit www.autoadapt.co.uk
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