CodeLab Capital enters into term sheet for the potential acquisition of healthcare software company
2026-06-19 11:13:26
Oslo, 19 June 2026
CodeLab Capital AS ("CodeLab" or the "Company") has entered into a non-binding term sheet regarding the potential acquisition of 45% of the shares in a Norwegian software and IT services company (the "Target").
The Target provides critical software to healthcare professionals, as well as a broad range of IT services, including infrastructure, connectivity, and managed services. The company has an established customer base and recurring revenues across its business lines.
The potential transaction is a natural extension of CodeLab's existing portfolio. Agil Helse and Kuba both operate in the occupational health and safety segment, creating clear commercial synergies with the Target's healthcare software. In addition, Cloudya's cloud and infrastructure capabilities align closely with the Target's IT services business.
The transaction also marks a return to CodeLab Capital's roots, having previously built and exited a cluster of leading Norwegian healthcare businesses—including PatientSky, Programvareforlaget, Hove Medical, and Infodoc—establishing deep domain expertise in healthcare software. Re-entering this segment reflects the Company's conviction that meaningful value creation opportunities remain in Norwegian digital health infrastructure.
Consideration is expected to be settled through a combination of cash and shares, with shares comprising the majority of total consideration. The share component is expected to be issued at a significant premium to CodeLab's current trading price.
The potential acquisition remains subject to customary conditions, including completion of due diligence and agreement on final transaction documentation.
CodeLab remains focused on executing its strategy of building a scalable platform of companies with recurring revenues, attractive market positions, and significant value creation potential through operational improvements and M&A.
Further updates will be provided as appropriate.