The Mountains & Hills Group, a Swiss investment and holding company, has fully acquired Five-Konzept GmbH & Co. KG. five is one of the leading quality companies in the prevention and rehabilitation of back and joint disorders. The innovative five method was founded on the basis of scientific findings over the last few years and has been continuously developed further. With its in-house equipment course, five manufactures and distributes aids and tools for balanced training. With the help of the exercises created and the associated equipment, the company helps people around the world to improve their quality of life.
In the medium term, Mountains & Hills plans to build up a complementary investment portfolio of companies that enable their customers to implement a healthy lifestyle with innovative products and services. It has founded the Mountains Health investment vehicle specifically for this purpose. The turnover of the overall portfolio is expected to amount to around EUR 100 million in 2021. Mountains Health's investment approach, the buy-and-build strategy, is based on the fact that acquired companies are not managed and optimized individually, but rather synergies are created and used that are geared towards sustainable growth. The planned acquisitions are innovative pioneering companies in the three core areas of anamnesis, training and regeneration, whose products and services focus on metabolic and cardiovascular diseases as well as back and joint complaints. Mountains Health has an attractive deal flow in this segment and is currently in the due diligence and signing phase for further targets, meaning that further portfolio additions are expected in the first half of 2019.
"The integration of five is another logical step towards being able to cover the entire value chain of an integrated healthcare service provider in the medium term. Our aim is to offer our customers not only individual products and services, but also customized system solutions." Oliver Fiechter, Mountains & Hills Group CEO
Mountains Health continues to develop the acquired companies according to a holistic approach with the aim of sustainably developing their growth. The four growth stages are:
1. consolidating the support processes of the portfolio companies to increase volume and create synergies.
2. increasing customer benefits for fitness studio operators and physiotherapists by implementing individual system solutions from a single source.
3. development/establishment of sales innovations for rapid expansion into new markets.
4. exploiting the potential of basic innovations resulting from digitalization and structural changes in the health and fitness industry.
"The unique strategic orientation, versatile management skills and financial potential of the Mountains & Hills Group enable us to develop new ideas, implement innovations and consistently drive the growth of five," says Wolf Harwath, founding partner and Co-Managing Director of Five-Konzept GmbH & Co. KG. Wolf Harwath and his partner Christoph Limberger will continue to be responsible for the five brand as board members of Mountains Health AG.
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Source and image source: five
Published on: 16 April 2019