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107 Standard Quality Control Certification Business Technology Concept web

Cybercom Group acquired by Knowit

Name: Evli
Price range: $

Acquisition by Knowit

May 2021

Sector: Technology

Service: M&A

Our role

Exclusive financial adviser to Knowit (publ) on the acquisition of Cybercom from Formica Capital and JCE Group

Buyer

Knowit AB (publ), established in 1990, is a consultancy firm that supports its clients in the digital transformation. Offering include system development, data-driven customer experiences, IoT, cloud, cybersecurity, and management consulting. In 2020, the Knowit had sales of SEK 3.4 billion and around 2,200 employees. Knowit is listed on Nasdaq OMX Stockholm

Target

Cybercom was founded in 1995 and is a Swedish based IT consulting firm assisting its clients with digitalisation, IoT, secure connectivity and cloud services. In 2020, Cybercom had over 1,250 employees and recorded a sales of SEK 1.7 billion