CombiQ AB acquires Health Startup Magnea

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“Magnea fits well into our existing product range and their underlying technology regarding machine learning will also be able to complement our industrial products. This is a strategic acquisition to become a leader in complete IoT and IIoT systems” – Daniel Ström, VD CombiQ AB

On May 31, 2017, CombiQ AB acquired all shares in Magnea AB. The acquisition will complement CombiQ within the business area “IoT for healthcare and elderly care”. Access is made immediately.

Magnea is a Swedish company that develops advanced motion detection in healthcare and elderly care. By measuring specific movements, Magnea motivates patients and users to be physically active and offers staff an objective tool to measure the activity, which is currently lacking.

Magnea originated in the Clinical Innovation Fellowship, a partnership between Karolinska Institutet, KTH and Stockholm County Council to promote health and medical technology development. An independent analysis by Parexel’s consultancy agency shows that Magne’s systems are dominant; It both reduces the risk of fall trauma, blood clots and pressure ulcers, and that the individual clinics using the system actually save money in their budget.