The IT Services Industry in Sweden
by Weibull M&A
Digitization opens new possibilities for future social services, health, and medical care.
Modern information and communication technology can make it easier for people to participate in their own health and social care, facilitate contact between people and service providers, and provide more efficient support systems for service providers' staff.
As a result of the IT sector's rapid growth in Sweden and its significant contribution to the nation's socioeconomic development, the Government of Sweden is motivated to create favourable policy and regulatory environments for the ongoing expansion of 5G, the Internet of Things (IoT), Artificial Intelligence (AI), Cloud Technology, Blockchain, Machine-to-Machine (M2M), and many other sectors.
IT's significant benefit is removing classroom education barriers during the pandemic. IT is helping to connect more and more people to the education system through part-time and distance learning.
E-learning is another form of education that provides free education for all individuals. Swedish enterprises employ more fundamental digital technologies and advanced digital tools than many other countries.
Read more:
M&A activity in the technology industry in Sweden increased in 2023
Sweden ICT Market Size & Share Analysis - Industry Research Report - Growth Trends
GCG member firm
Weibull M&AMalmö, Stockholm & Gothenburg, Sweden
Ola WeibullContact Ola
Tobias LundinContact Tobias
Patrik JohanssonContact Patrik
The market for cloud computing in Sweden is expected to expand, and consumers and enterprises are adopting the technology more frequently.
Future-oriented technologies that support the ecosystem's smooth adoption of SaaS, IaaS, and PaaS products include AI, ML, advanced analytics, and immersive media. Moreover, cloud computing has enabled an entirely new delivery model for software.
Microsoft opened new sustainable data centres in Sweden, and its Azure and MS365 services are available and storable right away.
The main buyers groups in Sweden are represented by:
Some of the largest deals in this sector in Sweden were:
Pagero Group acquired by Thomson Reuters – Deal value $555m. (2023)
SignUp Software acquired by Insight Partners – Deal value $227m. (2023)
Momentum Software acquired by Aareon AG – Deal value $176m. (2022)
Acted as exclusive advisor to owners of Reinsight in the acquisition by Redeploy Group (backed by Standout Capital) (2023)
Acted as exclusive advisor to the owners of Degea in the acquisition by Aderian (backed by Adelis Equity). (2023)
