Cybercom and Knowit join forces and create a Nordic powerhouse for the digital solutions of the future

Published: 2021-05-05

Together, we will be 3,800 employees who gather around a vision of creating a sustainable and humane society through digitalisation and innovation. We are creating a Nordic powerhouse with a clear focus on driving a sustainable digital transformation together with our customers.

Digital solutions for a sustainable and humane society

New customer needs in combination with the rapid technological innovation means completely new opportunities to create a digitalisation of society that makes a real difference. That is why Cybercom and Knowit are merging and becoming a Nordic partner with a joint offer that meets tomorrow's needs. Our customer offerings complement each other well. We share common values and create an even more attractive workplace. Through our Nordic DNA, we also become a strong partner to our customers on the journey towards a sustainable future.

Cybercom and Knowit complement each other well, and through the merger become an attractive partner with a strong employer brand and a common goal to drive and accelerate the digital transformation towards tomorrow's sustainable business models. Knowit is already today well-positioned in digital transformation with broad expertise in system development (Knowit Solutions), web and e-commerce (Knowit Experience) and strategy consulting (Knowit Insight). With Cybercom's specialisation in digital sustainability, mobility, IoT, cloud-based solutions, and the growing area of cyber and social security, the offering is strengthened primarily to customers in the industrial and telecom sectors. A new business area, Knowit Connectivity, is formed and Knowit grows from 2,600 to approximately 3,800 employees.

“Through the deal, we will be a Nordic powerhouse for digital solutions, a very attractive partner for both customers and employees, while we create the conditions for a continued strong growth journey”, says Per Wallentin, CEO of Knowit when he comments on the merger.

“It has been a fantastic journey in a market under strong development, and Cybercom is now ready to take the next step. We have been working with sustainability for over a decade, and I am convinced that Knowit is the right partner because we share the same driving force, to help customers change their business in a sustainable direction”, says Niklas Flyborg, CEO of Cybercom.

The two organisations will be brought together under the Knowit brand. The new Knowit Connectivity business area will be led by Annika Nordlander, who was previously head of Cybercom's Swedish operations.

“Cybercom has for a long time had a very strong position with customers in the industry and telecom sector. The two companies complement each other well and together we can grow further in all markets. We share a vision of contributing to a sustainable society and we believe this is very attractive for our competent and ambitious employees”, says Annika Nordlander, Business Area Manager Knowit Connectivity.

In total, the new Knowit will include approximately 3,800 employees in Sweden, Norway, Denmark, Finland, Poland and Germany.

The deal is expected to be completed during the summer, following approval from the Swedish competition authority and a decision from an Extraordinary General Meeting of Knowit May 28, 2021.

Knowit has issued an invitation to a webcast to present the acquisition on May 5 2021 at 10:00 AM. The presentation will be held in English.. Link to presentationen: https://www.investis-live.com/knowit/608bd09323de2919000370b9/khjb External link. . The presentation will be available afterwards.

Link to Knowit’s press release External link.

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Niklas Flyborg

President and CEO

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