The medical equipment maintenance industry in Europe focuses on ensuring that medical devices are safe, efficient, and functional. Companies operating in this sector range from equipment manufacturers to specialized maintenance service providers and technology firms that offer cutting-edge solutions. Their services include routine checks, repairs, and upgrades, often driven by regulatory demands and safety standards. With advancements in technology, particularly in automation and telemedicine, the industry is poised for dynamic growth. Interestingly, the increase in home healthcare equipment usage is amplifying the demand for maintenance services, signifying a shift toward patient-centered care.


The list of investors encompasses a mix of venture capital, private equity, and corporate firms based across Europe. Notably, they vary in size, with some managing thousands of investments. Founded between 1953 and 2001, these firms reflect a depth of experience and strategic insight. In 2024, they collectively engaged in 412 investment deals, focusing on innovative advancements in the medical equipment maintenance sector. Significant players like EQT Group and Agoranov highlight the active role of investment across a range of promising healthcare technologies.


Top 18 Medical Equipment Maintenance Investors in Europe


1. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC also provides business acceleration services, networking opportunities, and prizes to foster innovation across different sectors. Notably, the EIC has been involved in several transactions relevant to the medical equipment sector, such as providing grants to Weber Hospital Systems and Syntach, both of which are engaged in developing medical technologies. For instance, Weber Hospital Systems raised funds in 2020, and Syntach secured significant financing to develop cardiac support systems. Additionally, Vigor Medical Technologies received funding from the EIC, further emphasizing its commitment to supporting medical technology advancements.


2. Almi

  • Website: almi.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 201-500
  • Number of deals in 2024: 7
  • LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden. Almi aims to enhance the growth and competitiveness of these businesses by offering tailored financial solutions and guidance. Notably, Almi has been involved in several transactions within the medical technology sector, including Njord Medtech, which raised SEK 8 million, and Micropos Medical AB, which received SEK 4 million in funding. These investments suggest that Almi is actively supporting companies that may be involved in medical equipment maintenance and development, thereby reinforcing its relevance in this industry.


3. Agoranov

  • Website: agoranov.com
  • Type: Corporate
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 2000
  • Headcount: 11-50
  • Number of deals in 2024: 42
  • LinkedIn: agoranov

Agoranov is a corporate investor based in Paris, Île-De-France, France, founded in 2000. As a startup incubator, Agoranov provides personalized assistance, fully equipped facilities, and acceleration programs to early-stage startups across various innovative sectors. They have been active in the medical equipment space, with notable transactions including Muller Medical, which raised funds in 2014, and Corwave, which secured seed funding in 2012. Additionally, they have supported Moon Surgical and Ganymed Robotics through non-equity assistance, both of which are involved in medical technology. This diverse portfolio highlights Agoranov's commitment to fostering innovation in the medical equipment sector, making them a relevant player in this industry.


4. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded in 1958, that provides a range of financial services including loans, equity investments, guarantees, and advisory services. EIB aims to support sustainable projects across various sectors, including healthcare. In recent years, EIB has been involved in several transactions relevant to the medical equipment sector, such as providing debt financing to Robocath, which specializes in robotic-assisted catheterization, and Protembis, a company focused on innovative medical technologies. These investments highlight EIB's role in promoting growth and job creation within the medical equipment maintenance industry, making it a significant player in this field.


5. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a prominent investment firm founded in 1994, specializing in private equity, infrastructure, real estate, growth equity, and venture capital. Based in Stockholm, Sweden, EQT serves institutional investors by managing diverse investment portfolios across various sectors and geographies. Among their notable transactions in the medical equipment sector, EQT has acquired Atos Medical, a Swedish healthcare company focused on products for patients with tracheostomies, and Lima Corporate, an Italian manufacturer of orthopedic devices. Additionally, EQT's acquisition of HemoCue, a company specializing in point-of-care blood testing equipment, highlights their commitment to investing in medical technology. These investments not only reflect EQT's strategy to support growth in the medical equipment industry but also underscore their role in enhancing the maintenance and development of essential medical devices.


6. Novo Holdings

  • Website: novoholdings.dk
  • Type: Venture Capital
  • Headquarters: Hellerup, Denmark
  • Founded year: 1999
  • Headcount: 51-200
  • Number of deals in 2024: 45
  • LinkedIn: novo-a-s

Novo Holdings A/S is a not-for-profit investment firm based in Hellerup, Denmark, focused on managing the assets of the Novo Nordisk Foundation. Founded in 1999, it invests in life science companies at various stages of development, providing capital and strategic support to enhance healthcare solutions. Notably, Novo Holdings has participated in several key transactions within the medical equipment sector, including a $20 million equity financing for Inogen, Inc., a leading manufacturer of innovative oxygen technology, and a $12 million Series B funding round for Cianna Medical, which specializes in breast brachytherapy. Additionally, they participated in a Series B financing round for Preventice Solutions, which is involved in health monitoring solutions. These transactions highlight Novo Holdings' commitment to advancing medical technologies and supporting companies that are integral to the medical equipment maintenance industry.


7. Gilde Healthcare


Gilde Healthcare is a venture capital firm based in Utrecht, Netherlands, specializing in healthcare investments. Founded in 1982, the firm manages over €2.6 billion across two fund strategies: Venture&Growth and Private Equity. Gilde Healthcare focuses on innovative healthtech and therapeutics companies, as well as profitable lower mid-market healthcare providers in Europe. Notably, Gilde has been involved in significant transactions in the medical equipment sector, such as multiple funding rounds for Vapotherm, a company that manufactures advanced respiratory care devices, raising substantial amounts in Series C, D, and other financing rounds. Additionally, their acquisition of Acti-Med in 2021 further emphasizes their commitment to the healthcare industry, which may encompass medical equipment maintenance.


8. Bunzl UK and Ireland

  • Website: bunzl.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1854
  • Headcount: 1001-5000
  • Number of deals in 2024: 5
  • LinkedIn: bunzl

Bunzl Public Limited Company is a distribution and outsourcing company based in London, England, that provides essential items necessary for businesses to operate across various industries. Founded in 1854, Bunzl has established a global presence with an extensive distribution network. The company has made significant strides in the medical sector through strategic acquisitions, including Medshop Medical Supplies in September 2021, which enhances their medical supplies distribution capabilities. Additionally, their acquisition of Obex Medical Holdings in May 2021, a medical distribution business in New Zealand, further solidifies their commitment to the medical equipment market. Other notable acquisitions include Care Shop UK in December 2007 and Atlas Mcneil Healthcare in October 2012, both of which contribute to their portfolio in medical supplies and equipment. These transactions highlight Bunzl's focus on providing tailored solutions and reliable sourcing in the medical equipment maintenance context.


9. Andera Partners

  • Website: anderapartners.com
  • Type: Private Equity
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 1953
  • Headcount: 51-200
  • Number of deals in 2024: 10
  • LinkedIn: anderapartners

Andera Partners is a private equity firm based in Paris, Île-De-France, France, founded in 1953. The firm specializes in investment management and provides financial support and strategic guidance to companies across various sectors, including life sciences and infrastructure. Notably, Andera Partners has been involved in several significant transactions in the medical technology space, such as investing in SuperSonic Imagine, a company focused on ultrasound imaging, and EOS Imaging, which specializes in imaging solutions for orthopedic and spinal surgery. Additionally, they supported TRiCares in its Series C financing round, indicating their commitment to healthcare innovation. Their diverse investment strategies are tailored to meet the specific needs of their portfolio companies, making them a versatile player in the investment landscape.


10. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent private equity investment firm based in Luxembourg, founded in 2005. The firm specializes in private equity, credit, secondaries, and infrastructure, managing approximately €193 billion in assets for over 1000 clients, including pension funds and institutional investors. CVC focuses on delivering sustainable value and growth through strategic investments. Notably, CVC has made significant strides in the medical equipment sector, highlighted by their acquisition of Spectrum Medical Group, a Gloucester-based medical device company valued at up to £1 billion, announced on July 18, 2022. Additionally, they are set to acquire Therakos from Mallinckrodt for an enterprise value of $925 million, with the deal expected to close in the fourth quarter of 2024. These transactions underscore CVC's active role in the medical equipment maintenance industry, alongside their broader investment portfolio.


11. Mercia Asset Management PLC

  • Website: mercia.co.uk
  • Type: Venture Capital
  • Headquarters: Henley-In-Arden, England, United Kingdom (UK)
  • Founded year: 1982
  • Headcount: 51-200
  • Number of deals in 2024: 41
  • LinkedIn: mercia-asset-management

Mercia Asset Management PLC is a venture capital firm based in Henley-In-Arden, England, specializing in providing venture capital, private equity, and debt financing to support the growth of UK businesses. Founded in 1982, Mercia focuses on ambitious startups and established companies, particularly in technology and innovation sectors. In recent years, they have made significant investments in the medical technology field, including a notable investment in Sense Biodetection, which raised £12.3 million to develop rapid molecular amplification tests for infectious diseases. Additionally, they participated in funding rounds for Alesi Surgical and Scalpel, further demonstrating their commitment to advancing medical equipment and technology. Mercia operates through various funds and investment vehicles, helping businesses secure the necessary funding to scale their operations in the medical equipment maintenance industry and beyond.


12. Indutrade Life Science

  • Website: indutrade.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1978
  • Headcount: 1001-5000
  • Number of deals in 2024: 14
  • LinkedIn: indutrade-life-science

Indutrade Life Science is a corporate investor based in Stockholm, Sweden, founded in 1978. The company is part of the larger Indutrade industrial group, which focuses on developing and acquiring companies with high technical expertise across various sectors, including technology and industrial products. In recent years, Indutrade Life Science has made significant strides in the medical equipment sector through strategic acquisitions. Notable transactions include the acquisition of Oscar Medtec, a leading supplier of medical refrigerators and examination furniture, and Primed Fysio och Rehab AB, which provides professional physiotherapy equipment. Additionally, they acquired Medexa Diagnostisk Service AB, further solidifying their presence in the medical equipment maintenance landscape. Their recent acquisition of Miclev Medical Products, aimed at enhancing their life science segment, underscores their commitment to this industry. Indutrade emphasizes long-term relationships with customers and operates through a decentralized structure, allowing its subsidiaries to maintain independence while benefiting from the group's resources.


13. Ardian

  • Website: ardian.com
  • Type: Private Equity
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 1996
  • Headcount: 1001-5000
  • Number of deals in 2024: 21
  • LinkedIn: ardian

Ardian is a prominent investment management firm based in Paris, specializing in private equity, real assets, and credit solutions. Founded in 1996, Ardian has established a global presence and focuses on sustainable finance, providing tailored investment strategies to institutional investors, family offices, and pension funds. Notably, Ardian has made significant investments in the healthcare sector, including the acquisition of a stake in Théradial, a leading French dialysis operator, which aims to enhance its growth in medical devices and healthcare software. Additionally, Ardian acquired a majority stake in SCHWIND eye-tech-solutions, a company specializing in laser systems for treating refractive errors and corneal diseases. These strategic investments highlight Ardian's commitment to the medical equipment industry and its potential for future growth in this sector.


14. Crédit Mutuel Equity


Crédit Mutuel Equity is a private equity investment firm based in Paris, Île-De-France, France, founded in 1988. The firm focuses on providing capital and strategic support to businesses across various sectors, integrating economic and ESG considerations into their investment strategies. Notably, they have been involved in several transactions relevant to the medical equipment sector, including investments in Mediprema group, which specializes in medical devices, and Spine Innovations, which focuses on spinal health solutions. Additionally, their acquisition of Technoflex, a company that may have ties to medical applications, further demonstrates their engagement in the medical equipment space. Their clientele includes business leaders seeking to enhance operations and navigate market challenges, making them a valuable partner for companies in the medical equipment maintenance industry.


15. Development Bank of Wales


The Development Bank of Wales is a public entity established in 2001 that provides financial support to Welsh businesses through loans and equity investments. With a focus on facilitating business growth and economic development in Wales, it offers various financial products tailored to the needs of small and medium-sized enterprises. Notably, the bank has been involved in several transactions within the medical equipment sector, including investments in Medical Gas Solutions, which raised over $1.5 million, and Flexicare, which secured funding for device sales. Additionally, it participated in funding rounds for Calon Cardio-Technology and IQ Endoscopes, further demonstrating its commitment to supporting medical technology companies. These activities highlight the bank's role as a significant player in the medical equipment maintenance industry.


16. SHS Capital


SHS Gesellschaft für Beteiligungsmanagement mbH, commonly known as SHS Capital, is a private equity firm based in Germany, founded in 1993. The firm specializes in healthcare investments, focusing on providing capital and strategic support to fast-growing healthcare companies. SHS Capital has been involved in several significant transactions in the medical equipment sector, including the acquisition of Medigroba, Puracon, and Spiegelberg, which are all companies that contribute to the medical technology landscape. Notably, SHS Capital acquired a majority stake in TNI Medical, a company that develops innovative medical devices, and invested EUR 18 million in MESI Medical, a Slovenian diagnostic company. These investments highlight SHS Capital's commitment to enhancing operations within the healthcare sector, including medical equipment maintenance.


17. Life Sciences Partners (LSP)

  • Website: lspvc.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 1987
  • Headcount: 11-50
  • Number of deals in 2024: 15
  • LinkedIn: lsp-bioventures

Life Sciences Partners (LSP) is a venture capital firm based in Amsterdam, Netherlands, founded in 1987. The firm specializes in private equity investments within the healthcare sector, connecting investors with innovative healthcare companies. LSP focuses on drug development and medical technology, aiming to foster advancements that address unmet medical needs. Notable transactions include investments in BMEYE, a company involved in medical monitoring technology, and Simplify Medical, which is developing innovative medical devices. These investments highlight LSP's engagement in the medical technology space, which is closely related to medical equipment maintenance, as maintaining and supporting these technologies is crucial for their effective use in healthcare settings.


18. Apax

  • Website: apax.com
  • Type: Private Equity
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1981
  • Headcount: 201-500
  • Number of deals in 2024: 8
  • LinkedIn: apax-partners

Apax Partners LLP is a private equity firm based in London, England, specializing in managing investments across various sectors, including technology, internet/consumer, healthcare, and services. Founded in 1981, Apax collaborates with management teams of high-potential companies to drive growth and innovation. The firm serves institutional investors seeking to enhance their capital through strategic investments in private equity funds. Notably, Apax has made significant investments in the medical equipment sector, including the acquisition of Vyaire Medical, a company focused on respiratory care and medical devices, and Molnlycke Health Care, which provides medical supplies and solutions. Additionally, their acquisition of Healthium MedTech, India's largest medical consumables and surgical sutures company, highlights their commitment to enhancing healthcare access and local manufacturing. These transactions reflect Apax's strategic focus on the healthcare industry, particularly in medical equipment and maintenance.



Medical Equipment Maintenance Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
AlmiStockholm, Stockholm, Sweden201-50019947
AgoranovParis, Île-De-France, France11-50200042
European Investment Bank (EIB)Luxembourg1001-5000195899
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Novo HoldingsHellerup, Denmark51-200199945
Gilde HealthcareUtrecht, Utrecht, Netherlands51-200198212
Bunzl UK and IrelandLondon, England, United Kingdom (UK)1001-500018545
Andera PartnersParis, Île-De-France, France51-200195310
CvcLuxembourg1001-5000200516
Mercia Asset Management PLCHenley-In-Arden, England, United Kingdom (UK)51-200198241
Indutrade Life ScienceStockholm, Stockholm, Sweden1001-5000197814
ArdianParis, Île-De-France, France1001-5000199621
Crédit Mutuel EquityParis, Île-De-France, France51-20019882
Development Bank of WalesWrexham, Wales, United Kingdom (UK)201-500200126
SHS CapitalGermany11-5019932
Life Sciences Partners (LSP)Amsterdam, North Holland, Netherlands11-50198715
ApaxLondon, England, United Kingdom (UK)201-50019818


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