M&A Deal Summary

Asker Acquires Hospital Services

On February 4, 2025, Asker acquired medical products company Hospital Services from Foresight Private Equity

Acquisition Highlights
  • This is Asker’s 2nd transaction in the Medical Products sector.
  • This is Asker’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2025-02-04
Target Hospital Services
Sector Medical Products
Buyer(s) Asker
Sellers(s) Foresight Private Equity
Deal Type Add-on Acquisition

Target

Hospital Services

Belfast, United Kingdom
Hospital Services distributes, installs, and maintains high-quality healthcare equipment from global partners such as Hologic, Fujifilm, and Shimadzu, as well as providing associated consumables. HSL has particular strengths in the radiology, ophthalmic, endoscopy, and surgical sectors. Hospital Services was founded in 1962 and is based in Belfast, United Kingdom.

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Buyer(S) 1

Buyer

Asker

Danderyd, Sweden

Category Company
Founded 1964
Sector Business Services
Employees2,600
Revenue 13.0B SEK (2023)
DESCRIPTION

Asker builds and acquires leading companies within medical supplies, devices and equipment in Europe, supporting healthcare providers and patients to improve patient outcomes, reduce total cost of care and ensure a fair and sustainable value chain. Asker was founded in 1964 and is based in Danderyd, Sweden.


DEAL STATS #
Overall 2 of 2
Sector: Medical Products M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United Kingdom M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-11 Mobilex

Skanderborg, Denmark

Mobilex offers a large selection of non-electric aids such as wheelchairs, ramps, walkers, toilet, and bath aids for people with disabilities due to a disability, illness, or old age. Mobilex products are sold primarily to Danish municipalities through assistive technology centers, German sanitary facilities through their own sales force, and private dealers at home and abroad through direct sales. Mobilex was founded in 2003 and is based in Skanderborg, Denmark.

Buy -

Seller(S) 1

SELLER

Foresight Private Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 1.4B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Foresight Group LLP (Formerly VCF Partners)


DEAL STATS #
Overall 59 of 61
Sector: Medical Products M&A 3 of 3
Type: Add-on Acquisition M&A Deals 34 of 34
Country: United Kingdom M&A 58 of 59
Year: 2025 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-15 TES Group

Tyrone, United Kingdom

TES Group is a manufacturer and distributor of high-performance power distribution and monitoring systems. TES provides water and power technology engineering expertise, specialising in critical infrastructure markets. TES Group was founded in 1999 and is based in Tyrone, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-03 Functional Gut Group

London, United Kingdom

Functional Gut Group is a healthcare company specializing in diagnostic testing services for digestive health issues, including conditions like Irritable Bowel Syndrome. Functional Gut Group was founded in 2014 and is based in London, United Kingdom.

Buy -