Tunstall Healthcare Announces Acquisition of STT Condigi

On 3 February 2012 Tunstall Healthcare Group Limited announced the acquisition of STT Condigi, a leading aged care technology provider to the Nordic region.

The acquisition is a fantastic step forward for Tunstall Healthcare, the world’s leading provider of telehealthcare, with STT Condigi CEO Kristoffer Axelsson leading the combined Nordic business.

Based in Sweden, STT Condigi has businesses in Sweden, Denmark, Finland and Norway and a growing export division.

STT Condigi offers products for independent living, communication systems for nursing homes, and software services that assist with carer optimisation, mobile planning, activity reporting and mobile alarm handling.

Torbjorn Olsson, investment manager of the majority shareholder of STT Condigi is pleased with the sale of the company to the Tunstall Group, believing the two companies complement each.

“We have been pleased with STT Condigi’s strong development and market position in the Nordics which we believe will be of great benefit to Tunstall”, Mr Olsson said.

“The management performance of STT Condigi has been excellent and we feel they will enhance and strengthen the combined Tunstall/STT Nordic business”.

According to Kristoffer Axelsson, chief executive officer of STT Condigi, the decision by the board to join forces with Tunstall is a very positive move that is good for STT Condigi’s business, employees and customers.

“Tunstall has over 50 years experience of innovation and a true commitment to improving lives and enabling people to live more independently, which is perfectly aligned with STT Condigi’s mission”, Mr Axelsson said.

“By joining with Tunstall, STT Condigi will have access to world class monitoring software and centres into which our applications will add extra services for our customers”.

Gil Baldwin, chief executive officer of Tunstall Healthcare believes that STT Condigi will make a very positive addition to the Tunstall Group.

“Our visions are aligned and we complement each other in a number of areas. STT Condigi is a leading provider to our market and has a set of products and services that will enhance our offering and presence both within the Nordic countries and across the rest of the Tunstall Group”, Mr Baldwin said.

“STT Condigi brings a strong track record of growth and innovation upon which we want to build”.

Together Tunstall and STT Condigi aim to deliver leading edge products and services to its customers and all those who depend them to live their lives with dignity and independence.

About Tunstall Healthcare
With over 2.5 million users globally, Tunstall is the market leading provider of telecare and telehealth solutions. Across Australia Tunstall’s solutions support older people and those with long term needs to live independently, by effectively managing their health and wellbeing. Tunstall provides technology, expertise and advice to millions of people enabling them to lead independent more fulfilling lives. For more information on how telecare and telehealth can improve quality of life, visit www.tunstallhealthcare.com.au

About STT Condigi
STT Condigi is a leading Nordic supplier of systems for safe, efficient care with a presence in the Nordics through wholly-owned subsidiaries and in Europe via a well developed distribution network. For more than 30 years, the company has developed its own products and complete solutions that streamline care work and provide care recipients with a higher level of safety.

STT Condigi has a broad range of skills and offers safety solutions for all types of residents, such as alarm systems for elderly residents in their own homes or complete internal systems for sheltered accommodation. We also offer ultra modern equipment for alarm reception and advanced administrative systems for more efficient care. Our aim is both to increase safety for elderly and functionally impaired people and to improve work conditions for care personnel, while also making care work more cost effective.

STT Condigi has offices in Sweden (Malmö, Stockholm and Umeå), Denmark (Århus), Finland (Tampere) and in Spain (Madrid) and has a turnover of approximately 230 MSEK.

For more information, visit www.sttcondigi.com

ENDS

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