has signed an agreement to acquire FocusCura, a provider of technology solutions for senior care in the Dutch market.
FocusCura has developed a software platform, which in combination with other products and technology services, enables elderly care organizations to focus on care.
"I am very pleased to welcome FocusCura and their employees into the ASSA ABLOY Group. FocusCura is a strategic technological addition to the ASSA ABLOY Group. The company will reinforce our current offering within Senior Care and will provide complementary growth opportunities,” said Nico Delvaux, president and CEO of ASSA ABLOY.
“FocusCura is a true innovator in digital solutions for care providers and senior people. The FocusCura offering is a good fit with our solutions in Phoniro and together we will continue to support people to stay independent for longer and live enriched lives,” added Christophe Sut, executive VP and head of Global Technologies business unit Global Solutions.
FocusCura was founded in 2003 and the main office is located in Driebergen-Rijsenburg, Netherlands.
Sales in 2019 amounted to about €13 million (approx. SEK 130 million) and the acquisition will be dilutive to EPS from start.
The acquisition is expected to close during the third quarter of 2020.