Hill-Rom Adds Liko

BATESVILLE, Ind. — Hill-Rom has announced its acquisition
of Swedish lift manufacturer Liko for $183 million.

“Hill-Rom has previously stated its desire to add complementary
technologies to its portfolio that leverage our global business
footprint and presence across the continuum of care,” said Peter H.
Soderberg, president and CEO of Hill-Rom. “This acquisition is an
important step in this direction as nearly 75 percent of Liko’s
revenue is derived outside of North America and the company has a
well balanced focus on the acute, extended care and home care
segments—all care settings where lifts are widely deployed
and where Hill-Rom is intensely focused.”

Liko products will continue to be marketed under the Liko name
with the addition of Hill-Rom branding.

The primary Liko business operations now carried out in Liko’s
headquarters in Lulea, Sweden, and at its other locations (notably
Franklin, Mass., in the United States and locations in the United
Kingdom and in Germany) will continue with only minor
adjustments.