News Press releases16 August 2016

CAG acquires Mawell’s Consultancy Business

Press release Tuesday, august 16, 2016 Solna, Sweden

The Privately owned Swedish company C.A.G today announced that as part of its continued program of growth and expansion , it has acquired Stockholm based Mawell Consulting AB, a division of Mawell. C.A.G will commence operations of the Mawell Consultancy business today with Mawell continuing to operate as a separate business delivering care services in Finland.

“We are convinced that C.A.G will be a good platform to develop the consulting business further, says Mawell’s CEO Torbjörn Lindh.

We are delighted to have been given the opportunity to acquire Mawell Consulting, “says Michael Ekman, CEO at C.A.G. “The company possesses a unique combination of IT expertise and industry knowledge in the eHealth sector. eHealth is one of the hottest areas in digitization today and affects how the future health and social care will work. The acquisition enables us to expand our offer and become an even better player in the market. ”

“For Mawell, our focus will now shift” adds CEO Torbjörn Lindh. “We are delighted to finalize this agreement with C.A.G and we are certain that C.A.G will provide the perfect home for both Mawell employees and customers.  This acquisition also allows Mawell to optimize our Finnish subsidiary Mawell Care OY that will continue their successful work of delivering health counseling and elderly care integration services.”

SIMBIOS AB was financial advisor and Castrén & Snellman legal advisor to Mawell.

For more information please contact:

Torbjörn Lindh, CEO, Mawell Oy
+46 708 353 760
torbjorn.lindh@mawell.com

Michael Ekman, CEO, CAG Group AB
+46 8 785 22 00
michael.ekman@cag.se