9Solutions Sold to Assa Abloy as Bocap Exits
Deal News | Dec 03, 2024 | Bocap Investment Oy
Bocap Investment Oy has successfully exited its portfolio company, 9Solutions Oy, by selling it to Assa Abloy, which is listed on the Stockholm stock exchange. Bocap initially invested in the leading provider of Real-Time Locating Systems (RTLS) solutions for the healthcare sector in 2020 through its second fund, Bocap SME Achievers Fund II. Over the investment period, 9Solutions solidified its standing as the preeminent AI-powered RTLS provider, demonstrating substantial growth and improving profitability. The company, which employs over 40 professionals and supports nearly 2,000 customer organizations, has been praised by Bocap for its entrepreneurial growth and product refinement. The sale to Assa Abloy is expected to continue the upward trajectory for 9Solutions, providing an excellent platform for further international expansion. This transaction represents the sixth exit from Bocap's second fund, which now retains two portfolio companies.
Sectors
- Healthcare Technology
- Private Equity
- Access Control and Security Solutions
Geography
- Finland – 9Solutions is based in Finland and has strengthened its presence across the Nordics.
- Sweden – Assa Abloy, the acquirer, is listed on the Stockholm stock exchange.
- Nordic Region – The growth and operations of 9Solutions have been concentrated across the Nordic region.
Industry
- Healthcare Technology – 9Solutions operates in the healthcare technology sector, providing Real-Time Locating Systems (RTLS) solutions for improved healthcare communication.
- Private Equity – Bocap is a private equity firm involved in the acquisition and sale of portfolio companies such as 9Solutions.
- Access Control and Security Solutions – Assa Abloy, the acquiring company, is known for their work in security solutions.
Financials
- Not disclosed – The financial details of the sale were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| 9Solutions Oy | Target Company | Company | A leading provider of AI-powered Real-Time Locating Systems (RTLS) solutions for healthcare. |
| Bocap Investment Oy | Selling Company | Company | A private equity firm that invested in and exited from 9Solutions. |
| Assa Abloy | Bidding Company | Company | A Stockholm-listed provider of access control and security solutions. |
| Vilma Torstila | Investment Director | Person | Partner and Investment Director at Bocap, commented on the successful collaboration. |
| Sami Herrala | Founder | Person | Founder of 9Solutions who expressed gratitude towards Bocap and optimism about the collaboration with Assa Abloy. |