Stellum Growth and Tecnimoem management take a majority stake in the Viana-based firm

tecnimoem

Founded in 1997, the company dedicated to the development, manufacture and sale of beds, chairs, lifts and accessories for geriatric and domestic use stands out for the quality and reliability of its products. Its management is also working on a growth plan for the coming years that includes the diversification of its commercial portfolio as well as its consolidation in national and international markets.

Tecnimoem, a company founded in 1997 specialising in the development, manufacture and sale of beds, chairs, lifts and accessories for geriatric and domestic use that stand out for their quality and reliability, has changed owners. In fact, a majority of its shareholding has been acquired by Enrique Barragán, who until now held the position of CEO of the company, and by Stellum Growth, a financial vehicle managed by the Stellum Capital fund.

In this way, the company is preparing to implement a growth plan for the coming years that includes the diversification of its commercial portfolio as well as its consolidation in national and international markets.

“We are convinced of Tecnimoem’s good prospects,” said Pablo Baroja, managing partner of Stellum Growth. In this sense, he added that the confidence transmitted by its management team “as well as the growth path demonstrated by the company have been decisive aspects to bet on this project”.

For his part, Enrique Barragan, Managing Director of Tecnimoem, stated that “the market needs local manufacturers of geriatric products of good quality and excellent customer service” such as that offered by his company. “With the entry of Stellum Growth we ensure the rooting and continuity of the project and lay the foundations for strong growth in the coming years,” he said.

Source: Diario de Navarra