Cybercom Group acquired by Knowit
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