Abilia acquires Picomed and Alert-IT
Abilia, a subsidiary to MedCap AB (publ) and part of Business Area Assistive Tech, has signed an agreement to acquire Picomed AS in Norway and ITS Designs Limited (Alert-IT) in the UK. The transaction is expected to close in the beginning of October. The acquired companies have a combined turnover of approx. 70 MNOK and 26 employees. The acquisition complements the offering of Abilia and the Business Area Assistive Tech in the areas of Environmental Control, Communication and Alarm. The purchase price consists of an initial cash payment of 51 MNOK at closing and an additional payment