Friday 12. July 2024
Longship Fund I exit its investment in Sensio to Nordic Capital
Longship became majority owner of Sensio in 2018. Through this transaction Longship is fully realizing the investment from Fund I and is making a new investment from its latest Fund III. Longship will continue their active ownership involvement and, in cooperation with Nordic Capital, support the company in the next stage of Nordic and international expansion.
Sensio is a leading provider in smart monitoring technology for elderly and social care settings in the Nordics, addressing challenges in care for patients, care personnel and society at large. Since 2014, the company has dedicated itself to providing innovative solutions to care homes and home care providers. Under Longship’s ownership, the company has transformed from a small, founder led, Norwegian only operation, to the leading care tech player in the Nordic market. Sensio has since 2018 completed eight add-on acquisitions and has seen double digit organic growth rates on the back of increased implementation of its solutions in the Nordics and the UK.
“We are on a mission to help transform the care sector and enable a new way of working through the use of our technology. Partnering with Nordic Capital for our next growth phase will enable us to strengthen our value proposition and extend our offering to more markets and people across Europe. We are equally delighted that Longship will continue to be part of our journey”, said Torbjørn Aamodt, CEO at Sensio.
“We are incredibly proud of the development in Sensio since our investment in 2018. Sensio’s innovative solutions are making a meaningful impact on the quality of care for the elderly and those in social care settings. We look forward to continuing this journey alongside Nordic Capital, the management team and all the skilled employees of the company, as it continues to expand and meet the growing demands of the healthcare sector”, said Kai Jordahl, Managing Partner, Longship.
Longship Fund I was advised by William Blair, PWC, Roland Berger and Wiersholm in connection with the transaction.
For more information, please contact:
Kai Jordahl, Managing Partner, Longship
+47 909 82 271
kai.jordahl@longship.no
Torbjørn Aamodt, CEO, Sensio
+47 920 26 727
torbjorn.aamodt@sensio.no
About Longship
Longship is a Norwegian private equity firm established by a group of experienced investment professionals in 2015. Longship invests in companies with significant growth potential in the Norwegian lower mid-market and is applying a transformational growth approach. Longship manages three funds with approx. NOK 5.2 billion in committed capital. www.longship.no
About Sensio
Sensio is a leading provider of healthcare technology, solving today’s and tomorrow’s care challenges for the benefit of both residents, patients, relatives, healthcare personnel and society. The company offers pioneering software and products such as Sensio365 (IoT Health platform), RoomMate (digital supervision with passive fall notification) and Safemate (mobile safety alarms). Sensio is a Norwegian company that was founded in 2009 and today has several hundred care facility customers in Norway, Sweden, Denmark, Iceland and the UK. Sensio has circa 200 employees with a strong commitment to creating and implementing sustainable products and services that simplify the everyday life of healthcare personnel, to have #MoreTimeForCare for residents and patients.