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Delphi advisor to AddLife in the acquisition of welfare technology

Delphi has advised AddLife AB (publ) (“AddLife”) and its subsidiary AddLife Development AB in the acquisition of all shares in Zafe Care Systems AB (“Zafe Care”).

AddLife is an independent distributor within Life Science that offer high-quality products, services and advice to both the private and public sectors. The corporation develops and acquires profitable companies in selected niche areas in the segments diagnostics, biomedical research and laboratory analysis and medtech. In 2019, AddLife had a turnover of SEK 3,479 million.

Zafe Care is a well-established supplier of welfare technology in the Swedish market. The acquisition strengthens and complements AddLife’s existing offering in welfare technology in the Nordic countries. Zafe Care implements welfare technology in sheltered housing and ordinary accommodation for the elderly, as well as in LSS group housing for people with disabilities and assistive device centres. Welfare technology contributes to increased security and quality of life for the individual while improving and streamlining efforts in care and social care. The company is a well-established provider of welfare technology to more than 200 of Sweden’s municipalities.

Zafe Care has 21 employees and net sales of approximately SEK 34 million, with sales, installation and service being carried out by its own staff.

Delphi’s team mainly consisted of Fredrik Mörner as responsible partner with assistance mainly form Linnea Björkstrand.