Abilia AB has signed an agreement to acquire the product rights to a portfolio of established seizure and occupancy alarms from the Finnish company Emfit Ltd. The transaction has a large strategic value for Abilia as it establishes the company as a leading product provider in the epilepsy alarm market.
Abilia has during a number of years sold Emfit’s seizure and bed/floor occupancy alarm products. The cooperation has been successful and Abilia is today a leading distributor of Emfit’s alarm products. In addition to the product rights, Abilia has received 10 years exclusivity to the sensor technology within the relevant applications with the exception of the North American market. The transaction creates excellent opportunities to continue to develop the business together with Emfit, its distributors and customers. Emfit will remain a sub supplier of the unique sensor technology to Abilia.
“We have during several years very successfully developed a partnership with Emfit around these products and Abilia sees significant potential for continued strong development in the relevant markets. The acquisition of the Emfit product portfolio means that Abilia establishes itself as a leading provider within a highly interesting niche market for epilepsy and seizure alarms. Emfit’s products are today part of our offering and through the transaction we get an opportunity to continue to develop the business together with other distributors and customers around the world.”, says Tove Christiansson CEO Abilia AB
”We are glad to enter this agreement with our long term partner and distributor, Abilia," says Heikki Räisänen, CEO and Co-founder at Emfit Ab. “This transaction ensures continued and even improved availability of these greatly needed epilepsy alarm products on the market.”
For more information, contact:
Tove Christiansson, CEO, Abilia
Mobile: +46 (0)70-291 28 33
Abilia gives people with special needs the power to become independent and take control of their daily lives. Based on our more than 40 years’ experience and supported by research evidence, we know that our assistive technology helps people to get structure over their day, to communicate with people, to control appliances in their home and call for attention. We believe that everyone should have the same opportunities to participate in society on their terms, and are passionate about enabling people access to a more fulfilling life.
Abilia develops, manufactures and sells aids for individuals with disabilities in the areas of communication, cognition and environment control & alarm. We have offices in Sweden, Norway, and the UK, and export our products to another 20 countries. Abilia is a merger of the four companies Gewa, Falck Igel, Handitek and Toby Churchill. Our turnover currently amounts to about SEK 200 million. Abilia is owned by MedCap, a Nordic investor that focuses on established Life Science companies with significant development potential. MedCap has been part-owner in the former GEWA AB since 2007.
Emfit is 27 year old company, head-quartered in Finland with subsidiaries in USA and China. It is world leader in manufacturing ferro-electret electro-active polymer sensors and material for various industries including sports, bedding, machinery and building industries. Company is also leading supplier of real-time, IoT based autonomous smart bed solutions. Company's core competencies are in development and manufacturing of real-time vibration and force measuring solutions using WI-Fi, mobile data and web technologies. For more information about Emfit, please visit: www.emfit.com