Nordic Capital, a German sector-specialist private equity investor, acquired a majority share in Sensio, an Oslo, Norway-based company which specializes in monitoring technology.
The amount of the deal was not disclosed. Completion of the transaction is expected in Q3 2024 and is subject to customary regulatory approvals and closing conditions.
The previous majority owner since 2018, Longship, will invest alongside Nordic Capital as a significant minority owner. Through this transaction Longship will realise the investment from its Fund I and make a new investment from its latest Fund III. Longship will continue to apply their active ownership involvement and will in cooperation with Nordic Capital support the company in the next stage of Nordic and international expansion.
Sensio is a provider of smart monitoring technology for elderly and social care settings in the Nordics, addressing challenges in care for citizens, patients, care personnel and society at large. Its flagship offering includes products such as the Sensio 365 software platform, the integrated Sensio Care wireless nurse call platform and RoomMate, a multisensory monitor for detecting and preventing falls.
The company provides its solutions to operators across Norway, Sweden, Denmark, and the UK, supporting care for circa 70 000 care recipients through its technology platform.
Nordic Capital is a sector-specialist private equity investor with a resolute commitment to creating businesses through operational improvement and transformative growth.
Since inception in 1989, Nordic Capital has invested EUR 25 billion in over 145 investments.
FinSMEs
12/07/2024