Wirtek secures large order for a full-Service IoT solution with recurring revenue streams from a Danish industrial company
With an initial order value exceeding DKK 3 million in 2025, Wirtek will deliver IoT hardware, software development, and operation of a full-service solution to a larger Danish industrial customer with significant international growth potential. Since the acquisition of Seluxit in July 2024, Wirtek has been working to realize the growth potential of the assets and skills acquired from Seluxit, and today’s multi-million DKK order is a direct result of these efforts. The order further emphasizes Wirtek’s sharpened focus on providing scalable and more sustainable solutions for customers.
Company Announcement no. 15/2024
25 October 2024
This announcement contains inside information
Wirtek is entering into a long-term partnership with the client, who will benefit from Wirtek’s full-service activities in Cloud/App, software and hardware development, as well as hardware delivery.
The revenue will be distributed across consulting hours, ongoing platform subscriptions, and recurring deliveries of IoT hardware units, with an expected value of over 3 million DKK in 2025 and continued substantial revenue streams in the following years.
Michael Aaen, CEO of Wirtek, states: “This partnership validates our ability to leverage our newly acquired assets from Seluxit and reinforces Wirtek’s ambition to develop and expand our revenue base while strengthening our focus on energy and the IoT solutions market. Our deliveries are aimed at ensuring better and smarter functionality in our clients’ products and solutions for the market, contributing to resource optimization and lower greenhouse gas emissions. With this collaboration, we demonstrate Wirtek’s expertise and versatile value proposition. The client chose Wirtek out of a desire for a strategic partner capable of delivering across multiple areas, at a competitive price level, and with high quality.”
Wirtek will commence development work with the client already within this year, with the first hardware deliveries expected by mid-2025. Simultaneously, App and platform development will be carried out, with an expected solution launch in Q3 2025. Following successful development and delivery, further orders are anticipated in line with the client’s sales.
Further information
- Michael Aaen, CEO, Wirtek A/S, Phone: +45 2529 7575, E-mail: [email protected]
Niels Jernes Vej 10, 9220 Aalborg, Denmark, www.wirtek.com - Kent Mousten Sørensen, Chairman, Wirtek A/S, Phone: +45 2125 9001
- Grant Thornton, Certified Advisor, Phone: +45 3311 0020
About Wirtek
Wirtek A/S is a Danish IT consultancy company that provides software development, testing, and consultancy services to help clients worldwide. Wirtek specializes in Digitalization, Energy, Workforce & Facility Management, Wireless Communication & Automation, and Trade & E-commerce.
At Wirtek, we prioritize building long-term client relationships, with some lasting over a decade. We believe that quality partnerships are just as important as software quality in achieving our client's goals. Established in 2001, we have offices in Denmark, Romania and Portugal and have been listed on Nasdaq First North Copenhagen since 2006.
Ticker Code: WIRTEK (DK0060040913)