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New Deal


Announced

ASSA ABLOY to acquire FocusCura.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Acquisition

health care innovations

Majority

Pending

Software

Friendly

software platform

Netherlands

Single Bidder

Private

Synopsis

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ASSA ABLOY, a provider of access solutions, agreed to acquire FocusCura, a developer of a software platform, which in combination with other products and technology services, enables elderly care organizations to focus on care. Financial terms were not disclosed. The acquisition is expected to close during the third quarter of 2020. "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," Nico Delvaux, ASSA ABLOY President and CEO.

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