Knowit selling operations in EstoniaPublished 08 Dec 2017
Knowit Estonia has been part of Knowit for ten years and is a profitable company that is now being sold to a smaller local company, Appnology. This sale provides the opportunity to clarify the strategy of being a leading actor primarily in the Nordic countries.
- The sale is a decision that has matured over time, jointly with the current management team in Estonia. We have come to the conclusion together that the company will probably develop better in other hands, says Johan Strid, EVP Knowit Solutions.
- For Knowit, the sale means that we are freeing up resources to become even stronger on the markets where we feel we have the greatest potential for growth and offer solutions to existing and new customers. We are seeing a continued large potential in all the Nordic countries, says Johan Strid.
Ownership will be transferred on 1 January 2018. The company will continue to collaborate with Knowit, mainly in Finland.