About the Deal
ADAPTIVE ENGINEERING LAB (AEL), Milwaukee, Wisconsin, a subsidiary of Diversatek Inc., offers an innovative line of seating and positioning accessories for those with limited mobility. With nearly 150 unique products across eight product groups, including multiple patented and trademarked products, AEL is a leader in the complex rehab technology field.
KI MOBILITY, Stevens Point, Wisconsin, is committed to improving people’s mobility and keeping them active through the design and manufacture of high-quality manual wheelchairs, and seating and positioning products.
ETAC, Sweden, is a leading developer and provider of ergonomic assistive devices and patient handling equipment, selling specialized branded products in over 50 countries worldwide.
The sale of AEL to Ki Mobility expands Ki’s portfolio of seating and positioning products, complementing its wheeled mobility offering.
BRIDGEWOOD ADVISORS initiated this transaction, assisted in negotiations and acted as exclusive financial advisor to Diversatek Inc. and AEL.