M&A Deal Summary

Doro Acquires CareTech AB

On December 16, 2014, Doro acquired manufacturer CareTech AB from Verdane for 240M SEK

Acquisition Highlights
  • This is Doro’s 1st transaction in the Manufacturing sector.
  • This is Doro’s 0th largest (disclosed) transaction.
  • This is Doro’s 1st transaction in Sweden.

M&A Deal Summary
Date 2014-12-16
Target CareTech AB
Sector Manufacturing
Buyer(s) Doro
Sellers(s) Verdane
Deal Type Add-on Acquisition
Deal Value 240M SEK

Target

CareTech AB

Kalix, Sweden
CareTech's mission is to develop and market high-quality social alarm and personal security products using leading edge technology. We provide both individual solutions and integrated systems to customers in the private and public elderly and home care sectors. Our goal is to reduce care staff’s work load and enhance the end user’s security, freedom and peace of mind.

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Buyer(S) 1

Buyer

Doro

Malmo, Sweden
Category Company
Founded 1974
Sector Software
Employees112
Revenue 974M SEK (2023)
DESCRIPTION

Doro products & solutions are available in thirty countries spanning five continents. These include; mobile phones & smart devices, applications & software, fixed line telephony, telecare & mobile health solutions. Doro was founded in 1974 and is based in Malmo, Sweden.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Sweden) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

Verdane

Oslo, Norway

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1985
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.

DEAL STATS #
Overall 24 of 46
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 19 of 32
Country (Sweden) 10 of 18
Year (2014) 5 of 6
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-30 MM Sports

Härryda, Sweden

MM Sports is a sports nutrition and health supplement company. The company’s product offering consists of sports nutrition, health supplements, gym equipment and accessories. MM Sports was founded in 2002 and is based in Härryda, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-22 Wireless Maingate AB

Karlskrona, Sweden

Wireless Maingate AB Wireless service provider in the M2M segment.

Sell $90M
Mergr

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