Tecnimoem Care, a Navarre-based group specializing in technical solutions and equipment for the social and healthcare sector, has acquired 100% of Ugari Geriátrica, S.L., a company headquartered in the Basque Country with a solid track record in the commercialization of products and solutions for the care and assistance of dependent people. This transaction forms part of the group’s growth and consolidation strategy following the entry of Stellum Growth into its shareholding structure in 2023.
Founded in 1999, Ugari specializes in the development and commercialization of solutions for the social and healthcare sector, with a particular focus on safety, mobility, and improving the quality of life of dependent individuals. The company holds a recognized market position thanks to its portfolio of restraint-free solutions, technical aids, and adapted equipment, as well as its deep understanding of the needs of care centers, professionals, and end users.
The acquisition of Ugari expands and complements Tecnimoem Care’s offering and strengthens its presence in the social and healthcare segment, while advancing the creation of a group with a more comprehensive and specialized value proposition.
Following the acquisition, Tecnimoem Care will reach revenues of €15 million, with international activity accounting for nearly 15% of group sales. The integration will ensure business continuity, as well as the preservation of the Ugari team and brand, maintaining its identity and specialization while leveraging commercial and operational synergies within the group.
According to Enrique Barragán, Managing Director of Tecnimoem Care:
"Ugari is a brand with a strong track record and a value proposition that closely aligns with how we understand the sector: proximity, specialization, and a commitment to improving people’s quality of life. Its incorporation allows us to continue growing and strengthening our offering for clients and professionals in the social and healthcare sector."
For his part, Igor Abraham Bengoa Rodríguez, Managing Director of Ugari, stated:
"Joining the Tecnimoem Care group, a brand with strong recognition and prestige in the sector and a shared philosophy, strengthens Ugari’s position and gives us the opportunity to generate sustained growth thanks to the synergies arising from the combination of both companies. We see this as a decisive step forward in our ongoing commitment to continue offering our clients what we have always delivered: innovation and quality."
Afianza Asevi Asesores acted as financial advisor to Ugari in the transaction, while Cruces Torres provided legal advice to the buyer. PKF Attest was responsible for conducting the due diligence.
About Ugari
Ugari is a Basque company specializing in the distribution of solutions and products for the social and healthcare sector, with a focus on safety, mobility, and people’s well-being.
About Tecnimoem Care
Tecnimoem Care is a Navarre-based group specializing in technical solutions and equipment for the social and healthcare sector. Stellum Growth entered its shareholding structure in 2023 to support its growth and international expansion.
About Stellum Growth
Stellum Growth I is a private equity vehicle managed by Stellum Capital and promoted by the Artizarra Foundation. It focuses primarily on the Basque Country and Navarre and takes stakes in companies across various sectors, aiming to support their growth and development plans through active involvement in management. Stellum Growth I currently has a portfolio of eight companies, including Uvesco, Laboratorios Bilper, Coover (formerly Envaplaster), EPER Metallic Solutions, Tecnimoem, AIBLU (formerly Infoma Consulting), USA Group, and Begas.
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