Investor acquires BraunAbility – the U.S. market leader in automobile mobility products

Patricia Industries, a division within Investor AB, has signed an agreement to
acquire the U.S. family-owned company BraunAbility. BraunAbility is the
established U.S. market leader in both of its core businesses – wheelchair
-accessible vehicles and wheelchair lifts. The company was founded nearly 50
years ago by Ralph Braun, who was himself disabled and built his first
wheelchair-accessible vehicle in 1972. Since then, the company has grown into
the most well-known and experienced name in the mobility industry, bringing
independence to millions of individuals across the world. BraunAbility will join
a roster of high-quality, high-growth companies in the Investor family,
including Permobil, the innovative provider of powered and manual wheelchairs
for people with severe walking disabilities. BraunAbility will continue to be
led by its current management team, which continues to be owners in the company.
2014 sales amounted to USD 415 m. More financial information, including the
acquisition price, will be given later.

“We are very pleased to have added BraunAbility as a new holding within Patricia
Industries, in line with our strategy to build out the portfolio of wholly-owned
subsidiaries”, comments Investor CEO Johan Forssell.

BraunAbility is Investor’s first North American subsidiary following the
creation of Patricia Industries earlier this year, and it will be managed out of
the New York office.

Börje Ekholm, CEO of Patricia Industries, comments: “BraunAbility’s history as a
family-owned business with a strong sense of mission and a consistent focus on
creating long-term value for its customers, employees and shareholders, is a
perfect fit with Investor’s own culture and values. Given our long-term value
creation objectives and experience within both healthcare and mobility, we
believe that Patricia Industries is well positioned to support BraunAbility in
its continued progress. Together with BraunAbility’s dedicated management and
employees, we look forward to contributing to the company’s continued success.

“With the support of Patricia Industries, we will be positioned to accelerate
our rate of growth, powered by product innovation, development of our brand
promise within the communities we serve and continued expansion into global
markets”, says Nick Gutwein, BraunAbility’s President and CEO. “The Wallenberg
family and the Investor Group share our commitment to serve wheelchair users
around the world through lasting customer relationships built on trust.
Together, we will advance our mission to provide products and services that
improve life with the most trusted lineup of transportation mobility solutions
in the world. This is a tremendous opportunity to extend for decades the legacy
that our founder Ralph Braun built.”

The acquisition is subject to approval from the relevant competition
authorities. Closing is expected during the fourth quarter 2015.

About BraunAbility
BraunAbility is the world’s leading manufacturer of wheelchair accessible
vehicles and wheelchair lifts for both personal use and commercial applications.
Founded nearly 50 years ago by Ralph Braun, the company was built on the age-old
adage, “Necessity is the mother of invention.” Ralph Braun was a young man who
used a wheelchair and had no reliable transportation to and from his place of
work. He built his first wheelchair accessible vehicle in 1972, and since then,
BraunAbility has grown into the most well-known and trusted brand in the
mobility industry, bringing independence to tens of thousands of individuals
around the world. For more information, please visit www.braunability.com.
For further information:

Stefan Stern, Head of Corporate Relations, CR and Communications, Phone 46 8 614
2058, 46 70 636 7417
Magnus Dalhammar, Head of Investor Relations, Phone 46 8 614 2130, 46 73 524
2130
Our press releases can be accessed at www.investorab.com
Investor, founded by the Wallenberg family a hundred years ago, is the leading
owner of high quality Nordic-based international companies. Through board
participation, our industrial experience, network and financial strength, we
strive to make our companies best-in-class. Our holdings include, among
others, Atlas Copco, SEB, ABB, Ericsson and Mölnlycke Health Care.