Main Capital: Sensire acquires ZONITH

Stock­holm — Sensire, a Finnish company backed by Main Capi­tal Part­ners (“Main”), announ­ces the acqui­si­tion of ZONITH A/S (“ZONITH”), a Danish provi­der of person­nel secu­rity soft­ware with an inter­na­tio­nal presence. This acqui­si­tion is a first step in Sensire’s buy-and-build stra­tegy to expand its presence in the HSEQ (Health, Safety, Envi­ron­ment, and Quality) market. The stra­te­gic combi­na­tion of the two compa­nies aims to create a strong force in the wider HSEQ market in North West Europe. ZONITH, head­quar­te­red in Copen­ha­gen, Denmark, provi­des a plat­form for employee safety and lone worker protec­tion. The company’s proprie­tary plat­form inte­gra­tes wire­less indoor posi­tio­ning, GPS track­ing and smart­phone appli­ca­ti­ons to ensure the safety of employees in diffe­rent envi­ron­ments. The company prima­rily serves the Danish market, but is incre­asingly present in Norway, Sweden and other parts of Europe, working with well-known custo­mers such as Arla, the City of Copen­ha­gen and HSBC Bank. Sensire, head­quar­te­red in Joen­suu, Finland, is a leading provi­der of HSEQ soft­ware with a focus on medi­cal and food safety. Its plat­form supports custo­mers such as Attendo, Fazer and Essote with tools for condi­tion moni­to­ring, task manage­ment and docu­ment manage­ment, helping them to comply with strict regu­la­tory standards. 

Driving stra­te­gic growth

The acqui­si­tion expands Sensire’s product range by inte­gra­ting ZONITH’s person­nel secu­rity solu­ti­ons, enhan­cing the company’s value propo­si­tion to new and exis­ting custo­mers. This stra­te­gic move streng­thens Sensire’s compe­ti­tive posi­tion in the HSEQ market by opening up new oppor­tu­ni­ties in the market and provi­ding a more compre­hen­sive offe­ring to its custo­mers. With ZONITH’s estab­lished presence in Denmark and growing presence in Norway, Sweden and beyond, the acqui­si­tion furthers Sensire’s geogra­phic expan­sion stra­tegy in Northwes­tern Europe and crea­tes a more solid foun­da­tion for future inter­na­tio­na­liza­tion. Custo­mers of both compa­nies will bene­fit from inte­gra­ted solu­ti­ons that address new secu­rity and regu­la­tory chal­lenges and promote over­all custo­mer satis­fac­tion and loyalty. Jonas Bäck­man (photo © Main Capi­tal), Sr. Invest­ment Mana­ger at Main Capi­tal Part­ners, empha­si­zes the stra­te­gic importance of the acqui­si­tion: “The acqui­si­tion of ZONITH is a signi­fi­cant step in our part­ner­ship with Sensire, which has been in place since May 2023. This stra­te­gic combi­na­tion streng­thens the Group’s posi­tion in the Nordic market, expands the product range from food safety to medi­cal safety and person­nel safety and lays the foun­da­tion for further growth in Northwes­tern Europe.” Jp Asika­i­nen, CEO of Sensire, adds: “The acqui­si­tion of ZONITH is an important mile­stone in Sensire’s jour­ney to expand and streng­then its presence in the HSEQ indus­try in Europe. By combi­ning our exper­tise in medi­cal and food safety with ZONITH’s advan­ced solu­ti­ons for person­nel safety and lone worker protec­tion, we are uniquely posi­tio­ned to deli­ver compre­hen­sive safety and compli­ance tools to our custo­mers. This move not only expands our geogra­phic reach in Denmark, Norway, Sweden and beyond, but also increa­ses the value we provide to orga­niza­ti­ons working in highly regu­la­ted and safety-criti­­cal envi­ron­ments. Toge­ther, we are crea­ting safer work­places while simpli­fy­ing compli­ance for our custo­mers.” Kris­tian Hart­vig Sties­mark, CEO of ZONITH, said: “We at ZONITH are deligh­ted to join Sensire, led by Main Capi­tal Part­ners, and we look forward to working with the Sensire team to not only expand our offe­ring to clients, but also to streng­then our geogra­phic market presence. With the exper­tise of Main Capi­tal Part­ners and Sensire, we aim to drive expan­sion and foster further growth in the Euro­pean health and safety market. 

About Sensire

Sensire is a leading provi­der of medi­cal and food safety soft­ware with appro­xi­m­ately 25 employees and head­quar­ters in Joen­suu, Finland. Foun­ded in 2007 by Jp Asika­i­nen, Sensire has a long track record of deli­ve­ring high-quality medi­cal and food safety solu­ti­ons to both the private and public sectors. With over 400 custo­mers, Sensire is one of the leading provi­ders in this field. www.sensire.com

About ZONITH A/S

ZONITH was foun­ded in 2000 and is head­quar­te­red in Copen­ha­gen, Denmark. The company offers solu­ti­ons for employees who need to protect them­sel­ves against thre­ats and violence in their working envi­ron­ment. The discreet solu­ti­ons enable fast and relia­ble aler­ting and work seam­lessly both indoors and outdoors. ZONITH’s solu­ti­ons are desi­gned to protect person­nel in various sectors such as muni­ci­pa­li­ties, regi­ons, psych­ia­try, health­care, indus­try, retail and many other areas through a flexi­ble and cost-effec­­tive person­nel secu­rity system. https://ZONITH.com

About Main Capi­tal Partners

Main Capi­tal Part­ners is a leading soft­ware inves­tor mana­ging private equity funds active in Northwest Europe and North America. Main has over 20 years of expe­ri­ence in soft­ware inves­t­ing and works closely with the manage­ment teams in its port­fo­lio as a stra­te­gic part­ner to build profi­ta­ble growth and larger, outstan­ding soft­ware groups. Main employs 80 people and has offices in The Hague, Stock­holm, Düssel­dorf, Antwerp and an affi­lia­ted office in Boston. Main has appro­xi­m­ately €6 billion in assets under manage­ment and curr­ently has an active port­fo­lio of over 46 soft­ware compa­nies. Toge­ther, these compa­nies employ around 15,000 people.