TheVIT Group AS has acquired BIWise A/S to enhance its technology consulting services and strengthen its market position in the Nordic region.

Target Information

TheVIT Group AS has successfully acquired BIWise A/S, a move supported by Explore Equity AS. TheVIT is a rapidly growing consultancy in the Nordic region that specializes in technology, data, and business development. Based in Norway, TheVIT employs over 110 individuals and is projected to achieve a turnover of 150 million NOK in 2024. The company also operates subsidiaries in Denmark.

Founded in 2010 and headquartered in Copenhagen, BIWise is a respected independent consultancy specializing in Business Intelligence. Their services encompass BI strategy, data warehousing, analytics, reporting, and the integration of AI and Machine Learning technologies. The acquisition enables BIWise to leverage TheVIT's extensive technological environment, expand its service offerings, and enhance its overall operational capacity while still retaining its corporate identity and core competencies.

Industry Overview

The Nordic consultancy market, particularly in the technology and data sectors, has witnessed significant growth in recent years. There is a rising demand for advanced data analytics and business intelligence solutio