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FORUM Family Office ("FORUM") has acquired 75% of the shares in MedNet GmbH, based in Münster. In 2020, MedNet generated sales of € 13 million with 41 employees. In the last 5 years, sales have grown by an average of approx. +10% p.a.
As with every FORUM acquisition, sales are strongly characterized by recurring sales with a high level of customer loyalty. MedNet generates the majority of its sales with the distribution of high-quality components and connectors for fluid management. Customers are manufacturers of medical technology devices, for whom these C-parts are specified as part of regulatory approval procedures.
In the second business segment, MedNet helps medical technology companies as an EU representative that do not come from the EU to obtain and maintain the regulatory approvals required to market their products. Billing is based on an annual rental model, so this business is a classic subscription business. This business is to be further developed in the course of increasing international regulations in the field of medical technology and related areas.
FORUM's continuation concept envisages the continuation of the previous corporate strategy in all essential points, especially the preservation and further development of personnel at the Münster location, strengthening of the sales organization, as well as a focus on the further growth of the EU representation division.
MedNet is one of the cases in which the founders have developed two strong managing directors from within their own company. Ole Stein and Matthias Heinz impressed us in the discussions with their dynamism and customer orientation, and we look forward to working with them. Equally important: the founder David Thaler remains involved and will continue to drive the EC-Rep business forward with unchanged energy. His comment on the takeover:
"After more than 30 years, it's definitely not easy to let go. I looked at several alternatives, but Forum Family Office is without a doubt the best option for MedNet. On the one hand, MedNet can maintain its unique spirit and character. On the other hand, MedNet gets the security and growth potential of a strong group with the ability to think and plan long-term. This is a good day for MedNet and all employees."
FORUM Family Office is a long-term investor in medium-sized companies. The core is "subscription businesses" with recurring revenues. As long-term owners, we contribute our expertise primarily in the areas of corporate development, sales and personnel development. We are looking for majority shareholdings with € 2 million - € 50 million in sales.
FORUM Family Equity offers family businesses individual succession solutions that ensure long-term success and corporate identity. As a family equity investor, FORUM focuses on sustainability, employee development and cooperation based on trust. In contrast to corporations and private equity funds, which aim for quick profits, FORUM builds long-term partnerships and protects the company value. Find out how FORUM supports your company in successfully continuing your life's work.
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