2021: Sale to Topro Industri
AssiTech develops and manufactures the AssiStep – an innovative walking aid for stairs helping people live more actively and independently in their daily lives without relying on others for help. The AssiStep has won several design awards in recent years and is sold in more than 15 countries. The company is located in Trondheim, Norway. When TOPRO (financially backed by Serendipity Partners and Investinor) showed interest in acquiring the company, Karabin Impello was engaged to assist in the process. Their advice has included assistance in developing presentation material, price discussion, negotiation support, DD-support and coordination towards legal advisor. The AssiStep is a great addition to TOPRO’s existing portfolio of innovative and premium mobility aids. With its leading market position and extensive distribution capabilities, TOPRO is uniquely positioned to capitalize on the market opportunity represented by the AssiStep.
Team: Bjørnar Reitan
Halvor Wold, CEO AssiTech AS «We are very satisfied with the support from Karabin Impello. We thought we could handle the process internally, but was advised by our network to engage an advisor with experience from M&A/similar transactions. Too many entrepreneurs focus on cost savings and engage advisors too late – or not at all, but our experience is that a competent advisor creates value and results! For example, the DD-process was significantly more complex than expected, and an experienced advisor as support ensured comfort, focus and progress in the process.»