Addnode Group invests in planning tool for home care services
STOCKHOLM, October 2, 2014 - Addnode Group has, through a new share issue, become the owner of 37% of the company behind Kompanion, a web-based planning tool that helps home care services to plan and organize their work. Addnode Group has also signed an option agreement to acquire the remaining shares in the company.
Kompanion is Projektstyrning Prima AB:s online planning tool for home care services which are used by a large number of municipalities and private companies to optimize operations, improve service levels and quality, and reduce travel and carbon footprint. The company is profitable and has a turnover of approximately SEK 12 million. For more information about the business, please visit www.kompanion.se.
Addnode Group is a leading provider of IT systems and services to the public sector. Customers include several government agencies and 270 of Sweden's 290 municipalities. The investment in Kompanion gives Addnode Group a new offering for home care services and access to a Software as a Service (SaaS) platform for route-optimization solutions.
"Kompanion is a strategic investment for Addnode Group. We gain access to a strong offering for home care services that we have not had before. We get a strong foothold in the “soft” sector. Our experience in the public sector, geographic information systems, route-optimization and case management system will enable us to help Kompanion to grow and develop faster", says Staffan Hanstorp, President and CEO of Addnode Group.
"Strategically, this is just the right decision for the company, our employees, and most of all for our customers. Addnode Group provides knowledge and experience that will help my staff and me to continue to develop the company to the next level. Together, we can develop Kompanion further”, says Tomas Lilja, CEO Projektstyrning Prima AB.
The investment in Projektstyrning Prima makes Addnode Group the owner of 37 percent of the company, in the first stage. An option agreement has been signed with the other shareholders giving Addnode Group the right to acquire their shares in 2017. The ownership will be reported as part of business area Process Management and is not expected to have essential impact on earnings in 2014.
For more information, please contact:
Tomas Lilja, CEO, Projektstyrning Prima AB
Phone: +46 (0) 709 63 33 75, e-mail: tomas.lilja@kompanion.se
Staffan Hanstorp, CEO and President, Addnode Group
Phone: +46 (0) 733 77 24 30, e-mail: staffan.hanstorp@addnodegroup.com
Johan Andersson, CFO and Head of IR, Addnode Group
Phone: +46 (0) 704 205 831, e-mail: johan.andersson@addnodegroup.com
About Addnode Group
Addnode Group provides mission-critical IT solutions to selected markets in both private and public sectors. We acquire, build and manage companies that deliver IT solutions for the specific needs of our clients.
Every day, 250,000 engineers use our systems to develop and maintain products, buildings and facilities. 100,000 civil servants in the public sector use our solutions for municipal and state administration.
We are 950 employees in Sweden, Norway, Finland, Denmark, UK, USA, India and Serbia. In 2013 net sales totaled SEK 1 444 M. Addnode's Series B share is listed on the OMX Nordic List, Small Cap. For more information, please visit www.addnodegroup.com
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