Doro strengthens position in UK TEC market with new acquisition
Assistive technology giant Doro has acquired UK-based company Eldercare (UK), in line with its strategic ambition to further strengthen its Technology Enabled Care (TEC) business.
The Swedish firm primarily develops digital telecare products designed primarily for the elderly such as alarms and carephones, as well as providing digital TEC services and packages.
Eldercare is one of the top five TEC services in the UK, providing services to local authorities, housing associations, the private sector and charities.
The business employs 109 full-time equivalent staff and monitors around 50,000 telecare connections, incorporating a wide range of devices as well as providing visiting services, including emergency mobile response.
Together with its existing business in the UK and the new Eldercare acquisition, Doro will now handle over 230,000 connections and be one of the two largest players in the TEC market.
Carl-Johan Zetterberg Boudrie, President and CEO of Doro Group, commented: “In line with our ambition to become a leading Technology Enabled Care Service provider in the UK we are adding Eldercare to expand our telecare business.
“This strategic acquisition gives us a strong position in the North of England, enabling us to reach out to new customers looking for a more local response.
“As a Care Quality Commission (CQC) registered business, their domiciliary care services bring additional insight and services to our portfolio, enabling Doro to further extend its services to increase support more people to live healthy, happy and secure lives.
“The acquisition of Eldercare is a natural step for Doro and strengthens our presence as a complete Technology Enabled Service provider in the UK.”
Last October, Doro took a step forward in the globally expanding TEC market with the acquisition of Centra Pulse & Connect. This acquisition saw Doro significantly expand its portfolio and service user base.
The UK is the largest telecare market in Europe with an estimated 2 million telecare connections. Most of these are analogue but with a digital shift on the way, which Doro is looking to capitalise on.
Furthermore, Doro emphasises that the telecare market is fragmented, with an estimated 200 alarm receiving centres with further consolidation likely to happen.https://thiis.co.uk/doro-strengthens-position-in-uk-tec-market-with-new-acquisition/https://i0.wp.com/thiis.co.uk/wp-content/uploads/2020/08/Doro-female-call-handler-screen.jpg?fit=900%2C601&ssl=1https://i0.wp.com/thiis.co.uk/wp-content/uploads/2020/08/Doro-female-call-handler-screen.jpg?resize=150%2C150&ssl=1Mergers & AcquisitionsNewsroomTrade NewsDoro,Eldercare,Eldercare (UK),personal alarms,TEC,TEC Market,Technology Enabled Care,Telecare,telecare marketAssistive technology giant Doro has acquired UK-based company Eldercare (UK), in line with its strategic ambition to further strengthen its Technology Enabled Care (TEC) business. The Swedish firm primarily develops digital telecare products designed primarily for the elderly such as alarms and carephones, as well as providing digital TEC services...Sarah SarsbySarah Sarsbysarah@thiis.co.ukAdministratorTHIIS Magazine