Nordic Capital to acquire a majority stake in Sensio, a leading provider of care technology
Press releases may be edited for formatting or style | July 16, 2024
Business Affairs
MALSCH, Germany, July 12, 2024 /PRNewswire/ -- Nordic Capital has entered into an agreement to acquire a majority share in Sensio to further accelerate the company's growth, international expansion and to continue enhancing its technology platform and products. Sensio is a leading provider of technology for social care and the investment is made in close partnership with the Company's management. The previous majority owner since 2018, Longship, will invest alongside Nordic Capital as a significant minority owner.
Sensio is a leading provider in smart monitoring technology for elderly and social care settings in the Nordics, addressing challenges in care for citizens, patients, care personnel and society at large. Today's societal challenge of an aging population driving an increasing need of care, makes Sensio technology particularly important today and in the future. Sensio is headquartered in Norway and provides its solutions to several hundred care providers and operators across Norway, Sweden, Denmark, and the UK, supporting care for circa 70 000 care recipients through its technology platform.
Since 2014, the company has dedicated itself to providing innovative solutions to care homes and home care providers. The company's flagship offering, includes leading products such as the Sensio 365 software platform, the integrated Sensio Care wireless nurse call platform and RoomMate, a multisensory monitor for detecting and preventing falls. The platform improves quality of care, including significant reductions in fall incidents, while also generating operational efficiencies that frees up more time for care and reduces costs of care meaningfully for society. Sensio employs circa 200 dedicated individuals and has grown rapidly during the last couple of years on the back of increased implementation of its solutions in the Nordics and UK.
"We are on a mission to help transform the care sector and enable a new way of working through the use of our technology. Partnering with Nordic Capital for our next growth phase will enable us to strengthen our value proposition and extend our offering to more markets and people across Europe. We are equally delighted that Longship will continue to be part of our journey," said Torbjørn Aamodt, CEO at Sensio.
"We are deeply impressed with the team at Sensio, the company, and the platform they've created over the past 10 years. Sensio's combined solution of software and IoT devices can increase care quality, while freeing up significant resources and drive efficiencies within elderly care. Nordic Capital has strong sub-sector focus areas within healthcare technology and IoT, and is thrilled to offer, expertise, network and capital to fuel Sensio's next growth phase," said Erik Otto Nyborg, Managing Director, Nordic Capital Advisors.
Sensio is a leading provider in smart monitoring technology for elderly and social care settings in the Nordics, addressing challenges in care for citizens, patients, care personnel and society at large. Today's societal challenge of an aging population driving an increasing need of care, makes Sensio technology particularly important today and in the future. Sensio is headquartered in Norway and provides its solutions to several hundred care providers and operators across Norway, Sweden, Denmark, and the UK, supporting care for circa 70 000 care recipients through its technology platform.
Since 2014, the company has dedicated itself to providing innovative solutions to care homes and home care providers. The company's flagship offering, includes leading products such as the Sensio 365 software platform, the integrated Sensio Care wireless nurse call platform and RoomMate, a multisensory monitor for detecting and preventing falls. The platform improves quality of care, including significant reductions in fall incidents, while also generating operational efficiencies that frees up more time for care and reduces costs of care meaningfully for society. Sensio employs circa 200 dedicated individuals and has grown rapidly during the last couple of years on the back of increased implementation of its solutions in the Nordics and UK.
"We are on a mission to help transform the care sector and enable a new way of working through the use of our technology. Partnering with Nordic Capital for our next growth phase will enable us to strengthen our value proposition and extend our offering to more markets and people across Europe. We are equally delighted that Longship will continue to be part of our journey," said Torbjørn Aamodt, CEO at Sensio.
"We are deeply impressed with the team at Sensio, the company, and the platform they've created over the past 10 years. Sensio's combined solution of software and IoT devices can increase care quality, while freeing up significant resources and drive efficiencies within elderly care. Nordic Capital has strong sub-sector focus areas within healthcare technology and IoT, and is thrilled to offer, expertise, network and capital to fuel Sensio's next growth phase," said Erik Otto Nyborg, Managing Director, Nordic Capital Advisors.
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