Swereco Recieves Equity Investment from CapMan
Published On November 17, 2010 |
Swereco AB, a Stockholm, Sweden-based producer of ergonomic products primarily designed for the physically challenged, has received an equity investment of undisclosed amount from the CapMan Life Science IV fund.
The company intends to use the new capital to accelerate its expansion in the Nordic region.
Founded in 1973, Swereco produces a wide range of products for people with limited mobility and functional disabilities, including crutches and walking frames as well as ergonomic products for bathrooms and kitchens.
The company’s production facility is based in Lenhovda in southern Sweden.
Following the investment, the CapMan Life Science IV fund and Svenskt Företagskapital, will be the main owners of Swereco.