Knowit Divests Danish Subsidiary

Knowit Consulting Services is wholly owned (100%) by the Knowit Group and has approximately 10 employees alongside freelance consultants invoiced through Knowit.  

“Knowit Consulting Services has a stable and profitable operation with strong clients for continued growth. However, freelance brokerage is not aligned with Knowit’s current strategy, which is why we believe the company has better development potential under new ownership with Right People Group,” says Marie Björklund, CFO at Knowit.

The sale to Right People Group A/S will be performed at a valuation of 96 MDKK on a cash and debt-free basis. The deal is expected to be completed in the third quarter of 2025. In connection with closing the final capital gain will be calculated. The transaction has as limited impact on the financial result for the group. The acquisition is subject to approval from the Danish competition authorities and decision is expected during the second quarter 2025.

“Knowit has successfully operated a profitable and respected freelance broker business in the Danish market for several years. We are pleased to hand over Knowit Consulting Services to Right People Group who has been a trusted partner for many years. We are confident that the new owners will strengthen relationships with both clients and employees. Knowit will continue to focus on growth in the Danish market and offer a wide range of services to both existing and new clients undergoing digital transformation. At the intersection of strategy, technology, and creativity, we help companies and organizations leverage the digital solutions of the future,” says Per Wallentin, CEO and President of Knowit.

After the sale of Knowit Consulting Services A/S, Knowit has approximately 265 employees in Denmark with offices in Copenhagen, Aarhus and Aalborg.

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