Knowit AB Company Profile

Background

Overview

Knowit AB is a Nordic consultancy firm specializing in digital transformation services, including system development, digital customer experiences, the Internet of Things (IoT), cloud solutions, cybersecurity, and management consulting. Established in 1990 and headquartered in Stockholm, Sweden, Knowit has expanded its operations across Sweden, Norway, Denmark, Finland, Germany, and Poland. The company employs approximately 3,800 professionals and is listed on Nasdaq Stockholm Mid Cap under the ticker symbol KNOW.

Mission and Vision

Knowit's mission is to support companies and organizations in their digital transformation journeys by delivering innovative and sustainable solutions. The company's vision is to create a sustainable and humane society through digitalization and innovation.

Key Strategic Focus

Core Objectives

Knowit aims to assist clients in developing sustainable and profitable businesses by offering consultancy services across four primary business areas:

Solutions: Bespoke system development and services.

Experience: Digital customer experiences.

Connectivity: IoT, cloud solutions, and cybersecurity.

Insight: Management consulting.

Areas of Specialization

The company specializes in:

System development.

Digital customer experiences.

IoT solutions.

Cloud services.

Cybersecurity.

Management consulting.

Key Technologies Utilized

Knowit leverages a range of technologies, including:

Cloud platforms.

IoT frameworks.

Cybersecurity protocols.

Data analytics tools.

AI and machine learning algorithms.

Primary Markets Targeted

The company serves various sectors, including:

Public sector.

Retail and services.

Industry.

Banking, finance, and insurance.

Telecommunications.

Energy.

Media, education, and gaming.

Financials and Funding

Funding History

Knowit was founded in 1990 and has been publicly listed on Nasdaq Stockholm Mid Cap since 1997. The company has grown organically and through strategic acquisitions, including the merger with Cybercom in July 2021, which expanded its capabilities and market reach.

Recent Financial Performance

In 2024, Knowit reported revenues of SEK 6,416 million, marking a 10% increase from SEK 5,834 million in 2023. The operating profit before amortization of intangible assets (EBITA) was SEK 496 million, with an EBITA margin of 7.0%.

Shareholder Structure

As of March 2025, the ownership structure of Knowit is as follows:

Institutional Investors: Approximately 45%

General Public: 32.8%

Venture Capital and Private Equity Firms: 21.5%

Individual Insiders: 0.649%

The largest shareholders include Formica Capital AB (12.37%), State Street Bank and Trust Co. (9.654%), and JCE Group Aktiebolag (8.4763%).

Pipeline Development

As a consultancy firm, Knowit does not have a traditional product pipeline. Instead, it focuses on delivering customized solutions to clients across various industries, addressing their specific digital transformation needs.

Technological Platform and Innovation

Proprietary Technologies

Knowit develops proprietary solutions in areas such as:

IoT applications.

Cloud-based services.

Cybersecurity measures.

Data analytics platforms.

Significant Scientific Methods

The company employs various methodologies, including:

Agile development practices.

Design thinking approaches.

Data-driven decision-making processes.

AI-Driven Capabilities

Knowit integrates AI and machine learning algorithms into its solutions to enhance:

Predictive analytics.

Automation of business processes.

Personalized customer experiences.

Leadership Team

Executive Profiles

Per Wallentin: CEO and President since 2018.

Per Sjöstrand: Chair of the Board since April 2025.

Mattias Lewrén: Board Member since April 2025.

Kia Orback-Pettersson: Independent Director since 2018.

Stefan Gardefjord: Independent Director since 2018.

Olof Cato: Director since 2021.

Sofia Sahlberg: Independent Director since 2021.

Leadership Changes

In April 2025, Per Sjöstrand was appointed Chair of the Board, succeeding Jon Risfelt. Mattias Lewrén joined the Board as a new member during the same period.

Competitor Profile

Market Insights and Dynamics

The Nordic IT consulting market is characterized by rapid digitalization, a strong emphasis on sustainability, and a growing demand for integrated solutions that combine technology, design, and strategy. Key trends include increased investment in cloud services, cybersecurity, and data analytics.

Competitor Analysis

Key competitors in the Nordic region include:

Tietoevry: Offers a broad range of IT services and consulting, with a strong presence in Finland and Sweden.

CGI: A global IT and business consulting firm with operations in the Nordic countries.

Accenture: Provides management consulting, technology, and outsourcing services across the region.

Strategic Collaborations and Partnerships

Knowit collaborates with various technology partners, including:

Microsoft: Achieved Microsoft’s Adoption and Change Management Specialization, demonstrating expertise in driving Microsoft 365 usage and organizational change.

Amazon Web Services (AWS): Recognized as AWS Consulting Partner of the Year – Nordic region, highlighting capabilities in cloud services.

Operational Insights

Knowit's decentralized organizational structure and agile work methods enable it to deliver tailored solutions efficiently, differentiating it from competitors. The company's focus on sustainability and innovation aligns with market demands for responsible and forward-thinking digital solutions.