#Finland #ASSA ABLOY #9Solutions #Healthcare Solutions #Oulu

ASSA ABLOY's Strategic Acquisition of 9Solutions

ASSA ABLOY, a leading global player in access solutions, has recently made a significant move by acquiring 9Solutions, a Finnish company renowned for its cutting-edge healthcare technology. This acquisition is a strategic effort to bolster ASSA ABLOY's offerings in the Senior Care business sector, providing enhanced solutions for communication and collaboration within healthcare environments.

Enhancing Senior Care With Technology

Founded in 2009, 9Solutions specializes in integrated AI-powered real-time locating systems designed specifically for healthcare applications. The company's technology significantly enhances critical communication and collaboration among healthcare providers, particularly in senior care facilities where timely information is essential. With about 40 employees and its base in Oulu, Finland, 9Solutions introduces a robust cloud-native platform that is not only scalable but also customizable to cater to the specific needs of various healthcare establishments.

Nico Delvaux, President and CEO of ASSA ABLOY, expressed his enthusiasm for the acquisition, stating, "I am very pleased to welcome 9Solutions into the ASSA ABLOY Group. It's an exciting technological addition that will reinforce our current offering within the Senior Care business area and provide complementary growth opportunities."

A Seamless Integration

The technologies from 9Solutions are envisioned to integrate seamlessly with ASSA ABLOY's existing healthcare systems. This alignment will allow for a more comprehensive solution that addresses the complexities of senior healthcare. Stephanie Ordan, Executive Vice President and Head of the Global Technologies business unit at ASSA ABLOY, also emphasized the significance of this acquisition. She highlighted how 9Solutions’ solutions can be integrated with other vital healthcare systems, ultimately enhancing the overall care given to senior citizens.

Financial Implications

In terms of financial performance, 9Solutions reported sales of about €10 million (approximately SEK 110 million) in 2023. This acquisition is expected to positively impact ASSA ABLOY’s earnings per share (EPS) immediately after the integration.

With this move, ASSA ABLOY not only strengthens its foothold in the healthcare sector but also enhances its portfolio with innovations that prioritize the safety and well-being of individuals in senior care facilities. The commitment to advancing technology in healthcare is clear, and the union of these two companies appears promising for future growth.

Conclusion

This acquisition showcases ASSA ABLOY's dedication to expanding its reach and enhancing its technology-driven solutions within key sectors. As the demand for senior care solutions grows, having cutting-edge and customizable technology at their disposal positions ASSA ABLOY as a forward-thinking leader in the sector. This not only fortifies their existing offerings but also opens doors for new opportunities and innovations.

For more information about this acquisition and its potential impact on the Senior Care sector, you can reach out to:

• - Nico Delvaux, President and CEO, tel. no +46 8 506 485 82
• - Erik Pieder, CFO and Executive Vice President, tel. no +46 8 506 485 72
• - Björn Tibell, Head of Investor Relations, tel. no +46 70 275 67 68, e-mail [email protected]