The finalization of the acquisition of PAX has stirred positive reactions from the main actors involved in the operation.

 

Martin Franke, Partner at Borromin, states: “PAX is the market leader for emergency equipment (rescue bags and backpacks) in the European market with a high level of recognition among its customers. The acquisition of PAX expands the group’s activities in terms of product range and customer base and will further strengthen the group’s market position.”

 

Christoph Hirschmann, Managing Director of Protect Medical, is eager to start working with PAX’s management: “I am delighted that PAX will become part of the Protect Medical Group. The company has been on my wish list as a strategic corporate acquisition for Protect Medical for some time. With Andreas Harms (Managing Director of PAX), the group gains another experienced manager from the emergency medicine industry. We are very much looking forward to working together and expanding our product and service offering for our existing and new customers.”

 

Managing Director Antonio Ciardella has expressed his satisfaction with the deal: “With PAX part of our family, we can now add premium emergency bags and backpacks to an already impressive product porfolio. We are proud to continue to deliver high-quality equipment to first responders, paramedics and rescue workers around the world.”

 

Andreas Harms, Managing Director of PAX: “The combination of PAX and Protect Medical marks a milestone for both companies and is just the beginning of the success story. I look forward to working with Antonio Ciardella (Managing Director of Spencer) and Christoph Hirschmann to unlock the full potential of this partnership.”

Founderd in 2000 by Andreas Harms, PAX-Bags is a leading global brand specialised in the design and manufacture of premium emergency bags. backpacks and rescue transport systems. PAX products are widely considered to set the standard for quality within the EMS sector and are used by professional rescue workers and paramedics from all around the world.

Borromin is an independent private equity firm focused on medium-sized companies in German-speaking Europe and the Benelux countries. The private equity fund initiated and advised by Borromin investS in medium-sized companies and provide equity capital for business successions, management buy-outs and growth financing.

Borromin was founded in 2001 and has since pursued a successful, value-oriented strategy of investing in profitable companies in a wide range of industries.

Borromin Capital Fund IV (Borromin Capital Fund IV SCS, SICAV-RAIF) benefits from the financial support of the European Union under the European Fund for Strategic.