Asker Acquires Estonian Supplier Teresa

Swedish healthcare group Asker has acquired Estonian medical equipment supplier Teresa OÜ, expanding its network of healthcare product businesses in the Baltic region.

Teresa specialises in mobility aids, rehabilitation equipment and personal care products. It sells and rents equipment to individual customers and healthcare providers through 11 service centres across Estonia and an online store.

The company employs 26 people and generated approximately SEK 41 million in revenue over the past year.

Asker has acquired 100% of Teresa’s shares. The Swedish group said the company’s retail and service network complements its existing Estonian operations, particularly in equipment and products used by patients receiving care at home.

The acquisition is expected to make a positive contribution to Asker’s EBITA margin.

The purchase price was not disclosed.