ASSA ABLOY Expands Portfolio with 9Solutions Acquisition

ASSA ABLOY Welcomes 9Solutions into Its Family

In a strategic move to strengthen its healthcare offerings, ASSA ABLOY has completed the acquisition of 9Solutions, a Finnish company known for its innovative real-time locating solutions tailored for senior care facilities. This acquisition marks a significant step forward for ASSA ABLOY in enhancing its portfolio of healthcare technology.

The Vision Behind the Acquisition

Nico Delvaux, President and CEO of ASSA ABLOY, expressed enthusiasm about bringing 9Solutions into the ASSA ABLOY group. He mentioned that this addition is not just a pivotal technological enhancement, but also a pathway for complementary growth opportunities in the senior care sector. The vision incorporates a commitment to improving environments for elderly care across various healthcare sectors.

About 9Solutions and Its Innovative Offerings

Founded in 2009, 9Solutions has emerged as a leader in cloud-native, AI-driven real-time locating systems. These solutions are essential for improving critical communications and collaborative practices within healthcare settings. 9Solutions specializes in providing customizable offerings that seamlessly integrate with existing healthcare infrastructure, enabling enhanced operational efficiency and superior patient care.

Transformative Technology for Senior Care

These innovations are designed with the unique challenges of senior care in mind, ensuring that caregivers can maintain high levels of communication and coordination. By implementing real-time locating devices, healthcare facilities can better monitor the movement and safety of residents, drastically improving the delivery of care services.

Strategic Implications for ASSA ABLOY

The addition of 9Solutions will enable ASSA ABLOY to expand its footprint in the senior care market, allowing it to leverage advanced technologies for better service delivery. The acquisition is anticipated to add approximately MEUR 10 (around MSEK 110) to the sales figures for the financial year. Notably, the acquisition will positively impact the company’s earnings per share (EPS) from the outset.

Leadership's Commitment

Stephanie Ordan, Executive Vice President and Head of Global Technologies at ASSA ABLOY, highlighted the importance of integrating innovative technology within the healthcare system. She noted that 9Solutions represents a valuable asset in the overarching strategy aimed at refining and transforming healthcare delivery through technology.

Future Growth and Integration

Following this acquisition, 9Solutions will integrate into the ASSA ABLOY Global Solutions arm specifically focused on Senior Care. With a dedicated team of approximately 40 employees based in Finland, the company is well-positioned to continue its growth trajectory under the broader ASSA ABLOY umbrella.

About ASSA ABLOY

The ASSA ABLOY Group stands as the global leader in access solutions, operating with a workforce of 61,000 employees worldwide and generating an impressive SEK 141 billion in sales. The company excels in various fields, including efficient door openings, trusted identities, and entrance automation. ASSA ABLOY continuously strives to innovate solutions that provide safe access to both physical and digital environments, significantly impacting billions of individuals' daily experiences.

Frequently Asked Questions

What does the acquisition of 9Solutions mean for ASSA ABLOY?

The acquisition enhances ASSA ABLOY's position in the healthcare technology market, particularly in senior care, by integrating innovative solutions from 9Solutions.

When was 9Solutions founded?

9Solutions was founded in 2009 and has since become a key player in the market for real-time healthcare solutions.

How will 9Solutions' technology benefit senior care facilities?

The technology allows for real-time monitoring and communication, significantly improving operational efficiency and patient safety in senior care environments.

What is the projected impact on ASSA ABLOY’s sales?

The acquisition is projected to contribute about MEUR 10 (approximately MSEK 110) to ASSA ABLOY's sales figures.

What are ASSA ABLOY's core business areas?

ASSA ABLOY focuses on efficient door openings, trusted identities, and entrance automation, aiming to provide security and convenience in various access scenarios.

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