Knowit acquires the software engineering company Swedspot

Knowit AB is acquiring Swedspot, a company with a strong focus on software development for the car industry. The company has around 40 employees based in Gothenburg and Trollhättan. Swedspot will be an important addition to Knowit’s business area Connectivity, supplementing existing offers in embedded systems with both broad competence in software development and a unique platform with smart services for connected vehicles.

Demand for modern, connected technology in industrial companies in general, and the car industry in particular, is high and growing, in step with an increasing degree of digitalization and a higher pace of innovation. Knowit Connectivity is a business area within Knowit with a strong offer in high-tech software development, embedded systems, and cloud applications. Knowit Connectivity currently has around 700 employees who support clients in the telecom, vehicle, and manufacturing industries with expertise and development for a connected world. The operations are based in the Nordic region and Poland, with a smaller division in Germany.

“We are pleased to welcome our new colleagues from Swedspot to us at Knowit Connectivity. We look forward to becoming an even more important partners to both existing and new clients together. By combining Swedspot’s senior competence and strong market position with Knowit’s existing offer in smart vehicles and embedded systems, our client offer will become even more relevant – from consultancy and development to implementation,” says Annika Nordlander, Head of Knowit Connectivity.

Swedspot is a software engineering company that creates solutions for smart mobility. We design, develop, operate, and maintain complex solutions for a wide variety of industrial areas such as vehicles, transportation, automation, and energy. Swedspot has several attractive solutions with Google’s Android technology as the foundation. This is a growing market with several large players already moving towards using this technology in their infotainment systems.

The current CEO of Swedspot, Niclas Lindmark, will continue to manage operations and will be responsible for the gradual integration and development together with Knowit Connectivity. In his new role, Niclas will be part of the management team for the business area Knowit Connectivity.

“Swedspot has over the years built a unique position with specific competence in software development for the industry sector, often working close to our clients in agile, fast-paced projects. We are now ready to take the next step and see a great potential for both expanding our offer and reaching a larger market along with Knowit. In our dialogue with Knowit, we have also clearly seen that our corporate cultures match well. We share the idea of a decentralized corporate culture and the vision of creating long-term value for both clients, employees, and society. We look forward to becoming part of Knowit, which has a strong brand and is on an exciting growth journey,” says Niclas Lindmark, CEO of Swedspot.

The acquisition is expected to be finalized in late May or early June and the operations in Swedspot will gradually become an operation under the Knowit brand.

For more information, please contact
Annika Nordlander, Head of Knowit Connectivity, +46 (0)73 343 47 46 or [email protected]
Marie Björklund, CFO Knowit, +46 (0)70 144 98 02 or [email protected]
Christina Johansson, CCO Knowit AB, +46 (0)70 542 1734 or [email protected]
Niclas Lindmark, CEO Swedspot, +46 (0)72- 199 40 80 or [email protected]

About Knowit

We are digitalization consultants and a Nordic powerhouse for the digital business models of the future. Our vision is to create a sustainable and humane society through digitalization and innovation. Knowit supports its clients in the digital transformation and stands out among other consultancy firms through its decentralized organization and agile work methods in client assignments. The operations are divided into four business areas – Solutions, Experience, Connectivity, and Insight – which offer services in bespoke system development, digital customer experiences, the internet of things, cloud, cybersecurity, and management consultancy. Competences from several business areas are often combined in client projects.

Knowit was founded in 1990 and has around 3,800 employees, mainly in the Nordic countries, but also in operations in Germany and Poland. Knowit AB (publ) has been listed on the stock market since 1997 and is currently listed on Nasdaq OMX Stockholm Mid Cap. For more information about Knowit, please visit knowit.eu.

About Swedspot

Swedspot is a software engineering company that creates solutions for smart mobility. We design, develop, operate, and maintain complex solutions for a wide variety of industrial areas such as vehicles, transportation, automation, and energy. With our strong background in the vehicle industry, we know how to build high-quality and robust software at a large scale. We deliver solutions that extend from the embedded software in your devices and to the end user’s browser or smartphone experience. Swedspot was established in 2012 and currently has around 40 employees in Gothenburg and Trollhättan. Read more at swedspot.com/.