Knowit

The deteriorating security environment, Sweden's NATO membership, and increased focus on defense within the EU — combined with rapid technological advancement — are all accelerating the need for robust digitalization. Continued digitalization and modernization of total defense infrastructure is a crucial success factor, where public and private actors must collaborate. Knowit and Milso already share some clients, and now have the opportunity to deepen those partnerships while also enabling larger and more complex assignments through their merger.
 
“We are very happy to welcome new colleagues from Milso to the Knowit Group. We see great potential to strengthen our position within the defense sector. With Milso’s long-standing experience and deep expertise in the industry, we are creating a broader footprint and becoming an even stronger partner for our clients,” says Per Wallentin, CEO of Knowit.
 
Milso was founded in 2006, and a large portion of its employees have a background in the defense sector, which also represents the company's largest area of operations. The company holds several long-term framework agreements with, among others, FMV, and its assignments include work in areas such as the Gripen aircraft, electronic warfare, and combat vehicles — all requiring extensive experience and specialized knowledge.
 
“Over the years, Milso has built a unique position based on our employees’ expertise, our long-term contracts, and our projects within the defense sector. Given the current security climate and growing demand in total defense, we’ve seen a need to expand our capabilities and develop Milso based on new circumstances. Knowit’s vision to offer the market’s leading expertise in technical consulting for the defense sector allows us to further grow the company and create new development opportunities for our team,” says Kristian Hammar, CEO of Milso.
 
The acquisition of Milso AB is expected to be completed during the third quarter, and the business will be integrated during the autumn into Knowit’s existing operations serving the defense industry.
 
Financial Information:
· Enterprise value amounts to SEK 47 million, covering 100% of the company’s shares.
· A potential additional consideration may amount to a maximum of SEK 4 million, depending on specific commercial conditions.