Orthopedie Investments Europe B.V.

   

Orthopedie Investments Europe B.V. (100%) is located in Rotterdam (the Netherlands). Its subsidiaries (Livit B.V., 100% owned and Auxilium GmbH, 54% owned) manufacture and sell orthopedic and other medical devices. Livit operates a network of 33 specialized care centers and a large number of fitting locations throughout the Netherlands. Auxilium GmbH,
based in Essen (Germany), is the holding company of a number of German companies (including Luttermann GmbH, Thies Medicenter GmbH, Reha Aktiv 2000, Sanitätshaus o.r.t. GmbH & Co. KG, Meditech Sachsen GmbH and Steinke Orthopädie-Center GmbH). At the end of 2016, the company employed 1,795 FTE’s (2015: 1,429). Revenues for 2016 increased by 15% to € 172 million (2015: € 149 million). Excluding the effects of acquisitions, revenues increased by 5%. This increase is primarily due to 9% autonomous growth in Germany.

In the Netherlands, revenues decreased by 4%. The operating income amounted to € 4 million 

(2015: € 4 million).

 

HAL has had an ownership interest in Orthopedie Investments Europe since 2007.

www.livit.nl

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