ASSA ABLOY's Strategic Acquisition of 9Solutions Enhances Healthcare Solutions

ASSA ABLOY Acquires 9Solutions, Advancing Healthcare Solutions

STOCKHOLM, December 3, 2024 – ASSA ABLOY, a global leader in access solutions, has made a significant stride in the healthcare sector by acquiring 9Solutions, a Finnish company specializing in AI-powered real-time locating solutions. This merger is designed to enhance critical communication and collaboration within senior care facilities, marking a vital addition to ASSA ABLOY's service offerings.

Nico Delvaux, President and CEO of ASSA ABLOY, expressed his enthusiasm, stating, "I am very pleased to welcome 9Solutions into the ASSA ABLOY Group. This acquisition brings an exciting technological addition that will reinforce our existing services in the Senior Care business area and open new avenues for growth."

Founded in 2009 and headquartered in Oulu, Finland, 9Solutions has established itself as a leader in healthcare technology with a team of approximately 40 employees. Their platform focuses on integrating real-time locating infrastructure with connected devices, allowing for customization to meet various customer needs. This new technology is poised to complement existing healthcare systems, making it indispensable for modern senior care facilities.

Stephanie Ordan, Executive Vice President and Head of ASSA ABLOY's Global Technologies business unit, remarked on the significance of 9Solutions' offerings: "9Solutions provides a cloud-native and software-centric platform that is capable of integration with critical healthcare systems, further elevating the standard of care we can provide to seniors."

In 2023, 9Solutions reported sales of approximately MEUR 10 (around MSEK 110), and the acquisition is expected to enhance earnings per share (EPS) positively from the outset. This acquisition not only emphasizes ASSA ABLOY's commitment to the healthcare industry but also underscores its strategy to leverage technology advancements in improving the quality of care provided to seniors.

As the global population ages, the demand for innovative senior care solutions continues to grow. ASSA ABLOY's acquisition of 9Solutions is a strategic move to position the company as a frontrunner in this rapidly evolving market. The combination of ASSA ABLOY's extensive reach and 9Solutions' cutting-edge technology holds great promise for transforming senior healthcare.

This acquisition falls perfectly in line with ASSA ABLOY's mission to create safe, secure, and convenient access to both physical and digital environments. By integrating advanced solutions like those provided by 9Solutions, ASSA ABLOY aims to improve the overall experience for seniors and caregivers alike.

For further details regarding this acquisition, interested parties are encouraged to reach out to the ASSA ABLOY team:

- Nico Delvaux, President and CEO: +46 8 506 485 82
- Erik Pieder, CFO: +46 8 506 485 72
- Björn Tibell, Head of Investor Relations: +46 70 275 67 68, Email: [email protected]

As ASSA ABLOY continues to grow and innovate, the future of senior care technology appears to be more secure and accessible than ever before.