Knowit acquires the software engineering company SwedspotPublished 24 May 2022
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.