Hoist Group Strengthens its Focus by Selling Healthcare Business Unit and Acquiring Hospitality Assets

Hoist Group, Europe’s leader in hotel technology and services, announced today the sale of its Healthcare Business Unit to MNH, the French Insurance Group, in order to strengthen its focus on hospitality.

In a cross-transaction, Hoist Group also acquired the hotel assets of MNH (in the Comelec & Netlogon subsidiaries), consisting of technology agreements with over 300 hotels across France.

Alfonso Tasso, CEO of Hoist Group, said: “This alignment of our asset portfolio allows us to focus our product development on hospitality. It also improves our business delivery and strengthens our market position in France. We are glad that our Healthcare Business Unit has found a great new partner.”

The transaction, which has cleared internal and external approvals, will be effective December 31st 2017.

For more information, please contact:
Ann-Sophie Modigh, Chief Marketing Officer Hoist Group
Phone: +46 8 555 685 37
E-mail: ann-sophie.modigh@hoistgroup.com

About Hoist Group
Hoist Group is the complete hospitality partner for hotels and public operations. With more than 20 years of proven hospitality experience, Hoist Group is the market leader in innovative High Speed Internet Access, Conference services, TV & Content solutions, PMS and back-office software as well as other guest-facing amenities. Many hotel chains and flagship independent hotels have entrusted their IT to Hoist Group. With HQ in Sweden, the company has offices in 18 countries across the EMEA region.