Press Release
Press Release
Drive Medical is driving forward its global growth and acquisition strategy with great momentum. With a new shareholder and the acquisition of Compass Health Brands, the next phase of growth is now underway. This transaction is the first major acquisition since the change of ownership by Kingswood Capital Management.
The acquisition expands the existing portfolio and underlines Drive Medical's commitment to consistently expanding its market position and range of services. Compass Health Brands ideally complements the existing by Drive brand family and brings with it strong expertise and established structures.
The integration strengthens the one-stop-shop offering with additional brands, resources, and innovative power. Following the successful rebranding of DriveDeVilbiss to Drive Medical, the brand continues to gain profile and clout - not only in terms of market presence but also in terms of market share.
The clear message: Drive Medical continues to grow - globally, organically, and investment-driven.
“The acquisition of Compass confirms our clear growth strategy. Drive Medical invests specifically in strong companies and is consistently expanding its market position in Europe as well. We are very pleased and proud to welcome Compass to the Drive family,” explains Oliver Niemann, Managing Director of Drive Medical GmbH & Co. KG.
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