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June 19, 2025

Knowit acquires Insicon, an insurance ERP solutions provider, for SEK 35m

Swedish IT consultancy firm Knowit (publ.) has acquired Insicon, a Sweden-based company offering comprehensive business systems for the insurance industry, for SEK 35m on a cash and debt-free basis, following a sale process advised by HDR Partners. This corresponds to an EV/EBITDA (2024E) of 6.6x. The acquisition includes Insicon's operations in Sweden and a larger development and support unit in Serbia. An additional contingent consideration may be paid based on specific commercial conditions, estimated at SEK 50m. This acquisition follows Knowit's recent purchase of Milso, a company focused on technology and IT services for the defense sector. According to NKP | M&A Insights' sources, Insicon is expected to report revenues of SEK 39.1m with an EBITDA of SEK 5.3m. NKP | M&A Insights flagged Insicon as an upcoming opportunity in May 2024 in a report describing that its owners were exploring ownership options with HDR Partners advising and teasers being distributed.
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May 22, 2024

The owners of Insicon, an ERP software solutions provider to the insurance industry, explore ownership options advised by HDR Partners with teasers currently being distributed - Revenues of SEK 39m with an EBITDA of SEK 5.3m in 2024E, according to sources (NKP Proprietary)

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NKP | M&A Insights Proprietary
Headline from pre-deal coverage in M&A Insights

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NKP | M&A Insights Proprietary
Pre-deal coverage in M&A Insights
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What are the criteria for including a deal in advisor reportings?

The target or the activities sold must be headquartered in either Denmark, Sweden, Norway, Finland, Germany, Switzerland, or Austria. The deal value and/or implied enterprise value must be EUR 15m or larger for majority and minority sales. We track both legal- and corporate finance advisory roles both sell-side and buy-side.

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