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New Deal


Announced

CareTech to acquire Smartbox Assistive Technology from Tobii for £11m.

Financials

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Transaction Value£10m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales1x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Disposal

Software

United Kingdom

disabled people software

Pending

Private

Friendly

Majority

Acquisition

Single Bidder

Domestic

Synopsis

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CareTech, a provider of specialist social care services for adults and children in the UK, agreed to acquire Smartbox Assistive Technology, a provider of assistive technology solutions, from Tobii, a Swedish high-technology company, for £11m. "We have been discerning in selecting as an anchor digital investment a business that is not only a global assistive technology player but one that firmly shares CareTech's values and social purpose to improve the lives of disabled people. The Smartbox team has done a great job at creating sector-leading communication solutions for people without speech. Smartbox becoming part of CareTech will enable more children and adults with complex needs to have access to the company's flagship assistive technology solutions," Farouq Sheikh, CareTech Executive Chairman.

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