News Press releases28 September 2016

Mawell Oy divests Mawell Care Oy

Solna, Sweden

Mawell Oy has sold 100% of shares in Mawell Care Oy to Luona Oy that is part of privately owned Finnish Barona Group. The acquisition is in line with Luona’s growth strategy and expansion plan in the Finnish care sector. After the divestment, Mawell Oy does not have any active business operations left.

“We are convinced that Luona Oy will be a good platform to develop the Mawell Care business further”, says Mawell’s CEO Torbjörn Lindh.

“Luona and Mawell Care have a great organizational and business fit. Both companies are pioneers in developing new services and operational models to the Finnish care sector. Mawell Care’s service offering is a great addition to Luona’s business. This acquisition is in line with Luona’s growth plan and I am very happy that Mawell Care becomes part of Luona “says Milja Saksi, Managing Director at Luona Oy.

 Mawell Care will be integrated into Luona’s activities. The change of ownership has no impact on staff or contracts with customers and partners.

HLP Corporate Finance Oy 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

 

Milja Saksi, Managing Director, Luona Oy

+358 40 568 8111

milja.saksi@luona.fi

 

Companies in brief:

Mawell Care Oy is the leading private provider of outsourced health counseling and home care integrator services in Finland. Mawell Care is the service provider for Tampere City in its Kotitori service concept for the aged people. Health counseling customers include mainly hospital districts. Mawell Care has over 10 years of experience in care services.

Luona Oy is a social and health care service provider offering home care services and residential solutions to private households, municipalities, and public sector. Luona works to improve both quality and self-management of life, offers crisis accommodation, and makes everyday life a little easier for the elderly, recovering rehabilitees, and homeless.