Phoniro, a Nordic market leader in welfare technology and e-health, is being acquired by Assa Abloy and will form a new vertical within Assa Abloy Hospitality, with a focus on solutions for elderly care.
In recent years Phoniro has turned losses into a steady profit and sharply increased the share of recurring revenue. The company has expanded its product offering with several new welfare technology solutions, all linked to the Phoniro Care platform.
After the acquisition Phoniro will serve as the foundation for a new vertical within Assa Abloy Hospitality with a focus on elderly care. Phoniro will continue to offer a full range of welfare technology solutions based on Phoniro Care.
The new ownership situation will not entail any changes with respect to Phoniro’s organization or management. The company’s international growth is expected to surge as a result of Assa Abloy’s major global presence.
“Assa Abloy Hospitality is an excellent home for Phoniro. We share a passion for innovation and working closely with our customers in order to deliver total solutions. As part of Assa Abloy, we look forward to support many more people to a secured ageing,” says Pontus Björnsson, CEO of Phoniro.
Read more: ASSA ABLOY acquires Phoniro in Sweden