Handitek AB
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Handitek AB - overview
Location
-, -, Sweden
Primary Industry
Healthcare
About
Handitek AB is a Swedish company dedicated to developing innovative assistive technology solutions that enhance the daily lives of individuals with special needs, promoting greater independence and improved quality of life. Handitek AB specializes in assistive technology solutions designed to support individuals with special needs. The company was founded and has its headquarters in Sweden. In January 2009, GEWA (Abilia), a portfolio company of MedCap, made an investment to acquire an additional 33% stake in Handitek AB, increasing their ownership to 51%.
Handitek AB focuses on developing assistive devices and software solutions, including tools such as MEMOplanner, a cognitive support tool, Lightwriter, a text-to-speech device, and HandiKalender, an app for effective schedule management. These products cater to various groups including those with ADHD, cerebral palsy, dementia, and intellectual disabilities, and are utilized in markets like Sweden, Norway, the United Kingdom, and Germany. In the most recent financial year, 2016, Handitek AB reported a revenue of USD 0. 00 mn and an EBITDA of USD -357.
00. Handitek AB plans to enhance its product offerings and expand into new markets. The company aims to launch new assistive technologies designed specifically for emerging markets by 2025. The funding received in January 2009 will be utilized to support the development of these new products and the company's strategic initiatives to penetrate additional geographic regions.
Current Investors
MedCap
Primary Industry
Healthcare
Sub Industries
Education/Training, Fitness & Wellness Facilities, Epidemiology
Website
www.handitek.se
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Handitek AB - financials
| Fiscal Year Ended | Dec 31, 2006 | Dec 31, 2007 | Dec 31, 2008 | Dec 31, 2009 | Apr 30, 2010 | Apr 30, 2011 | Apr 30, 2012 | Apr 30, 2013 | Apr 30, 2014 | Apr 30, 2015 | Apr 30, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 5,342,269 | 6,389,864 | 6,710,979 | - | 13,617,247 | 17,421,904 | 19,702,150 | 558 | - | - | - |
| % Revenue Growth (YoY) | - | 19.6% | 5.0% | - | - | - | 13.1% | (100.0%) | - | - | - |
| EBITDA (USD) | 1,665,521 | 2,374,852 | 2,191,140 | - | 2,075,012 | 4,066,793 | 2,579,719 | 73,678 | - | - | - |
| Operating Income (USD) | 1,491,321 | 2,199,656 | 2,173,890 | - | 2,068,268 | 3,909,296 | 2,425,677 | 69,495 | - | - | - |
| Operating Margin | 27.9% | 34.4% | 32.4% | - | 15.2% | 22.4% | 12.3% | 12454.3% | - | - | - |
| % EBITDA Margin | 31.2% | 37.2% | 32.7% | - | 15.2% | 23.3% | 13.1% | 13203.9% | - | - | - |
| NET Income (USD) | 878,345 | 1,170,586 | 1,189,074 | - | 1,373,346 | 2,250,644 | 1,755,559 | (35,421) | - | - | - |
| % Net Margin | 16.4% | 18.3% | 17.7% | - | 10.1% | 12.9% | 8.9% | (6347.8%) | - | - | - |
Handitek AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Handitek AB | - |
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Handitek AB - employee data
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