Patrik Syrén

Investor Relations Officer

Tel. +46730746630

Knowit strengthens its presence in Jönköping

Published: 22 May, 2012

Knowit is strengthening its presence in Jönköping through the acquisition of Persistent Solutions AB with 17 employees. Persistent Solutions are specialists in systems development and applications management, with deep knowledge in telecommunications. The purpose of the acquisition is to reinforce the position on the Jönköping market and offer clients in the region a broader service range. The acquisition also strengthens the offering to Knowit’s clients in the telecommunications sector. The acquisition is a fundament for continued growth by hiring new personell localy in Jönköping. Knowit comes into possession in May 2012.

– Persistent Solutions, with clients mainly in telecommunications and the public sector, supplements our current operations in Jönköping perfectly. The company is profitable and we expect the acquisition to contribute to an increase of earnings per share for the Knowit group. The acquisition fits our strategy of operating close to our clients and offering solutions and specialist competence to the local market, says Mats Ohlsson, head of business development and acquisitions at Knowit.

– Becoming part of Knowit and taking part in developing Knowit in Jönköping feels very exciting and getting access to Knowit’s structural capital and client relations will lead to a positive development for Persistent Solutions, says Bo Plym, CEO at Persistent Solutions AB.

– I can see great opportunities to hire new consultants and a continued growth in Jönköping. We can now offer our clients a complete service range within web development, systems development and application management, says Bengt Ybe, CEO at Knowit Jönköping AB.