Latour acquires Batec Mobility in Spain

Investment AB Latour (publ) has, through its subsidiary MS Group AB, former REAC Group, acquired the Spanish company Batec Mobility, S.L., a leading manufacturer of power assist devices for manual wheelchairs on the Global Mobility Rehab market.

Batec Mobility has an annual turnover of EUR 4.8 m and has 41 employees. The company's products contribute to a greater freedom of movement for the user. The electric handbike enables the user to travel longer distances on uneven road surfaces.

”I am honored to welcoming Batec Mobility to the group”, says Mauritz Sahlin, CEO of MS Group. “The acquisition will enhance the group’s product range and strengthen the market position as well as provide a good base for further growth within this interesting market.”

”We are proud over what we have achieved with Batec Mobility and also that we have found a professional long term industrial owner who is committed to develop the company further”, says Pau Bach, founder and seller of Batec Mobility.

Göteborg, 28 January, 2020 INVESTMENT AB LATOUR (PUBL) Johan Hjertonsson President and CEO

MS Group recruit new MD AAT GmbH and Division Head Mobility division

It is with great pleasure we can announce that Kordt Griepenkerl has accepted the role as Head for Mobility Division and Managing Director for AAT GmbH. Kordt will join the company as from March 14th.

Kordt will strengthen the Group Management team as well as Mobility Division with a strong experience in operational restructuring, improvement, profitable growth and seniority from previous roles. Kordt has previously worked in roles such as VP Corporate Sales and CEO and has also operated as entrepreneur and founded start-ups.

“Kordt has a very good background for a growing company like ours. With a proven track record and broad competence from other companies and endeavors, he will be an asset for MS Group moving forward”.

“This is a fantastic company with great possibilities. I look very much forward to work with all new colleagues and stakeholders and together continue to develop the division and MS Group," said Kordt in a first comment.

Any questions can be answered by Mauritz Sahlin, CEO of MS Group

Regards,

Mauritz Sahlin

CEO MS Group