Accessible Vehicle Maker Acquired

Posted: Updated:
The deal is expected to close by the end of the year. The deal is expected to close by the end of the year.

Winamac-based BraunAbility has been acquired by a division of Investor AB in Sweden. BraunAbility, which makes wheelchair-accessible vehicles and wheelchair lifts, will continue to be led by its current management team.

BraunAbility Chief Executive Officer Nick Gutwein says the acquisition will allow the company to accelerate growth and continue to expand into global markets. In a release, he calls the deal "a tremendous opportunity to extend for decades the legacy that our founder Ralph Braun built."

The company says at the time of Braun's death in 2013, the company had around 850 employees at the Pulaski County headquarters. Braun, who was diagnosed at the age of six with muscular dystrophy, was considered a pioneer in the mobility industry.

Investor AB also owns Permobil, which makes power and manual wheelchairs. The acquisition is subject to multiple approvals and is expected to close by the end of the year.

  • Perspectives

    • How to Find a New Audience After Hitting a Marketing Plateau

      It may sound like a marketer’s dream scenario: efforts have proven to be so successful it appears a company has completely saturated their target audience. While it may be a good problem to have, it still may be a problem. Hitting a marketing plateau is an opportunity for companies in any industry to reevaluate, re-energize and come to the table with new ideas for better understanding existing customers and engaging new audiences.



  • Most Popular Stories

    • (image courtesy of The Times of Northwest Indiana)

      Crews Start Demolition of Carson's in Hammond

      The face of downtown retail in Hammond is changing once again with the demolition of Carson’s department store, the one-time the anchor of Woodmar Mall. Our partners at The Times of Northwest Indiana report excavating crews have started to demolish the last vestige of the shopping center which stood since the 1950s. 

    • (photo courtesy of WTHR-TV)

      Andrew Luck Retiring from NFL

      In a shocking development following the Indianapolis Colts' preseason loss to the Chicago Bears, quarterback Andrew Luck has announced his retirement from the NFL. Luck, who did not play in Saturday's game, said the number of injuries he has suffered throughout his professional career "has taken my joy of this game away." Luck teared up during a news conference in which he made his announcement. "After 2016 where I played in pain and was unable to regularly...

    • Shaina Keck

      Pier 48 Manager Named

      FK Restaurant Group has named Shaina Keck sales and banquet manager for Pier 48 Fish House and Bar in downtown Indianapolis. She previously served in sales at Kilroy's Bar & Grill. Keck is a graduate of Indiana University Kelly School of Business with a bachelor of science degree in finance and accounting with a concentration in international studies.  
    • Fort Wayne Tops 'Hottest Real Estate Markets'

      Fort Wayne just opened its brand new riverfront Promenade Park to pomp and pageantry, hoping to make it a draw to Indiana’s second largest city. But now the Allen County community has something else to celebrate. The editors of declared Fort Wayne as the hottest real estate market in July for the entire country. 

    • On-Air

      Find out when and where you can watch and listen to our reports.