Knowit AB is acquiring Milso AB to strengthen its foothold in the defense sector and enhance service capabilities amid rising demand.
Target Information
Knowit AB is acquiring 100% of Milso AB, a consultancy and service firm that specializes in technology, management, and IT, primarily serving clients in the defense sector. This acquisition fortifies Knowit's longstanding position as a key player supporting both military and civilian defense through close collaboration with entities such as the Swedish Armed Forces, FMV, and the defense industry.
Milso has established a strong market presence due to its experienced personnel and long-term contracts in defense. With this acquisition, a significant opportunity arises for both companies to deepen their existing relationships with shared clients, enhancing their ability to tackle larger and more complex projects together.
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Industry Overview
The defense sector in Sweden has seen a notable increase in investment and demand in recent years, driven by a growing focus on national security and strategic military c
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