Knowit to acquire Cybercom for $260m.

Knowit, a consultancy focusing on information technology, agreed to acquire Cybercom, an information technology company, for $260m. The investment companies Formica Capital and JCE Group are the largest owners of Cybercom and will become the largest owners in Knowit after the completion of the transaction. “For several years, we have seen a development towards more complex customer needs that require our expertise through the entire value chain, from product development to completely new customer interfaces and processes. Cybercom will complement our offering with more technology-oriented services and a sustainability offering at the forefront. We are strengthening our market position in areas that are developing rapidly – cyber security, cloud services and digital solutions to society's sustainability challenges," Per Wallentin, Knowit CEO.