M&A Deal Summary

Elekta Acquires Kaiku Health

On May 19, 2020, Elekta acquired software company Kaiku Health from Tesi and Debiopharm Group

Acquisition Highlights
  • This is Elekta’s 2nd transaction in the Software sector.
  • This is Elekta’s 1st transaction in Finland.

M&A Deal Summary

Date 2020-05-19
Target Kaiku Health
Sector Software
Buyer(s) Elekta
Sellers(s) Tesi
Debiopharm Group
Deal Type Add-on Acquisition

Target

Kaiku Health

Helsinki, Finland
Kaiku Health Ltd. is a digital health company that monitors patient-reported outcomes, providing intelligent symptom tracking and management for healthcare providers in routine oncology care and studies. The Kaiku Health app screens for patients’ symptoms, notifies the care team on their development, and provides value-based personalized support for patients. Kaiku Health was formed in 2012 and is based in Helsinki, Finland.

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Buyer(S) 1

Buyer

Elekta

Stockholm, Sweden

Category Company
Founded 1972
Sector Medical Products
Employees4,536
Revenue 18.0B SEK (2025)
DESCRIPTION

Elekta is an international medical-technology Group, providing highly advanced clinical solutions for high precision radiation treatment of cancer and for non- or minimally invasive treatment of brain disorders. Clinical solutions include, among others, Leksell Gamma Knife® for non-invasive treatment of brain surgery and Elekta Synergy for image-guided radiation therapy (IGRT) as well as associated software systems. Elekta was founded in 1972 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 8 of 9
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 8 of 9
Country: Finland M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-27 Acumyn

Toronto, Ontario, Canada

Acumyn is a software platform that coordinates and centralizes all of the quality assurance tests that need to be performed in a radiotherapy clinic, helping to manage and automate these complex tasks and significantly reducing the time they take. Acumyn was founded in 2014 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Özyürek

Ankara, Turkey

Özyürek is a distributor of neurosurgery solutions. Özyürek established Leksell Gamma Knife in Turkey and the region with several systems sold. Özyürek is based in Ankara, Turkey.

Buy -

Seller(S) 2

SELLER

Tesi

Investor Investor Investor Investor Investor


Category Sovereign Wealth Fund
Founded 1995
PE ASSETS 2.4B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Tesi is a Finnish venture capital and private equity firm specializing in fund and direct investments. Tesi specifically targets minority investments in early, growth stage, and established businesses. Areas of interest include industrial, mining, software, business and consumer services, healthcare, life science, cleantech, and marine. Tesi was established in 1995 and it is based in Helsinki.


DEAL STATS #
Overall 24 of 33
Sector: Software M&A 3 of 4
Type: Add-on Acquisition M&A Deals 15 of 19
Country: Finland M&A 23 of 30
Year: 2020 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 Nordic Rescue Group

Säynätsalo, Finland

Nordic Rescue Group is specialized in rescue vehicles for professional rescuers operating in demanding environments. Nordic Rescue Group is based in Säynätsalo, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Enevo

Boston, Massachusetts, United States

Enevo is a provider of waste management logistics optimization systems based on wireless sensors and data analytics. Enevo was founded in 2010 and is based in Boston, Massachusetts.

Sell -
SELLER

Debiopharm Group

Lausanne, Switzerland

Category Company
Founded 1979
Sector Healthcare Services
DESCRIPTION

Debiopharm is a global biopharmaceutical group of four companies specializing in drug development, GMP manufacturing of proprietary drugs, diagnostics, and investments.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-11 Affinium Pharmaceuticals

Toronto, Ontario, Canada

Affinium Pharmaceuticals, Ltd. operates as clinical and preclinical antibacterial compounds and its technology platform.

Buy -