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Evli Corporate Finance acted as exclusive adviser to Knowit on its acquisition of Cybercom for a total consideration of SEK 2.2bn.

Knowit is a consultancy firm that supports its clients in the digital transformation. The operations are divided across three business areas: Solutions, Experience, and Insight, which offer services in tailored system development, digital customer experiences, and management consultancy.

The transaction marks a turning point in the operations of Knowit by creating a fourth business area (Knowit Connectivity). With Cybercom's specialization in connectivity, IoT, cloud-based solutions, and the growing area of ​​cyber and society security, the offering is strengthened primarily to customers in the tech, industrial and telecom sectors.

The new company will have more than 3,800 employees, proforma-adjusted sales of SEK 5.5 billion and EBITA of SEK 541 million FY2020. Through the transaction, the selling main shareholders of Cybercom, Formica Capital and JCE Group, will become the largest owners in Knowit, with a holding of 10 percent each of the total number of shares and votes outstanding.

For more information on Knowit, visit

For more information on Cybercom, visit

For more information, please contact:

Staffan Torstensson, +46 (0) 70 433 20 19,

Victor Widerberg, +46 (0) 705 65 16 80,

Fredrik Brogren, +46 (0) 70 314 19 92,


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