Mobility Networks Group (MNG) has acquired 100% shareholding in Spanish manufacturer IAV (formerly Caradap).
Wayne Harmer, Group Managing Director - Mobility Networks Group said:
“IAV will provide us with the opportunity to create two distinct business units for the Iberian market, Caradap and Mobility Networks Iberia. Caradap will focus on supplying the local WAV market while Mobility Networks Spain will focus on supplying converters in the Iberian market place with our full range of innovative and quality products to M1, M2 and M3 converters and end users.
The combination of Caradap’s WAV design and installation capabilities will add significant value to this key market.”
The acquisition further strengthens MNGs position in the market and demonstrates the plan to be a leading global supplier of WAV kits of multiple brands.
For Caradap´s General Manager Joaquín Leizaola, "the incorporation of Caradap to the Mobility Networks Group will ensure the productive capacity and the technological evolution to continue offering the best vehicle accessibility solutions, with a range of products technically advanced and in a constant evolution".
Mobility Networks Group
Established in 2012 with worldwide headquarters in Kent, UK, Mobility Networks is the leading multi-national specialist in vehicle accessibility products. It provides a single source for all the latest innovations in vehicle access solutions from across the world. With a portfolio that is continually expanding, its products currently include vehicle access lifts, ramps, steps, seats, flooring and lowered floor conversion kits.
Issued on behalf of:
Mike Simmonds, CEO
Mobility Networks (Holdings) Ltd.
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