International. Assa Abloy has signed an agreement to acquire FocusCura, a provider of technology solutions for the care of the elderly in the Dutch market. FocusCura has developed a software platform that, in combination with other technology products and services, enables senior care organizations to focus on care.
"I am pleased to welcome FocusCura and its employees to the Assa Abloy Group. FocusCura is a strategic technological addition to the Assa Abloy Group. The company will reinforce our current offering within Senior Care and provide complementary growth opportunities," says Nico Delvaux, President and CEO of Assa Abloy.
"FocusCura is a true innovator in digital solutions for care providers and seniors. FocusCura's offering fits well with our solutions at Phoniro and together we will continue to support people to stay independent longer and live rich lives," says Christophe Sut, Executive Vice President and Head of Business Unit, Global Technologies Global Solutions.
FocusCura was founded in 2003 and the main office is located in Driebergen-Rijsenburg, The Netherlands.
Sales in 2019 amounted to approximately €13 million (approximately SEK 130 million) and the acquisition will be diluted to EPS from the outset.
The acquisition is expected to close during the third quarter of 2020.
