Drive expects to acquire European manufacturer

Wednesday, October 31, 2007

PORT WASHINGTON, N.Y. - Drive Medical has entered into an agreement to acquire a major European manufacturer and distributor of power mobility products, lift chairs, patient aids and bathroom safety products. Drive is expected to complete the acquisition on or before Oct. 31, the company announced Sept. 28. The European company distributes its products throughout Europe, including Germany, Austria, Belgium, the United Kingdom, Spain, Greece and other countries. Drive officials expect the company's existing management to remain in place.