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Our role

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

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

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

Words from our client

“ We are very pleased with the positive outcome of the acquisition of Cybercom, and how we together with the team from Evli managed the process. Evli has a deep understanding of our business and the digital services market. Their professionality, engagement and execution ability have been really important for the completion of the transaction. “ Per Wallentin, CEO of Knowit