May 2026
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Largest IT Consulting Public Companies in Sweden
Benchmark revenue and EBITDA valuation multiples for public comps like
Proact IT Group, Knowit, Dustin Group, Vertiseit and Exsitec.
 | Proact IT Group AB is a European-based independent datacentre and cloud service provider. The company's solution covers all aspects of data storage, virtualization, networking, and security. Its operating segments are System sales, Service operations, and Other revenue. The company-managed cloud services include service management, software as a service, proactive hybrid cloud, storage as a service, flexpod as a service, and disaster recovery services. It also offers professional services such as delivering transformation, project management and delivery, cloud adoption, and others. The majority of the company's revenue comes from the Nordics and Baltics region. | $14 | +7% | $342M | $339M | 0.6x | 6.5x | ||
| Knowit AB is a Nordic consultancy, operating three divisions: IT and system development; Customer experience technology and communications; Management consultancy. The company has about 2200 employees in 20 locations in Sweden, Norway, Denmark, Finland and Germany. Knowit provides services towards most industries, both public and private sector. Knowit AB (Publ) was founded in 1990 and is headquartered in Stockholm, Sweden. | $9 | -37% | $242M | $288M | 0.4x | 5.1x | ||
| Dustin Group AB operates as an IT reseller in the Nordic region. It offers a broad range of hardware, software, and associated services and solutions. Its product offering comprises computers, tablets, accessories, phones, audio and video equipment, office equipment, and software. The company operates through the following business segments: Small and Medium-sized Businesses; and Large Corporate and Public Sector. The company generates maximum revenue from the Large Corporate and Public Sector (LCP) segment. Geographically, it derives a majority of its revenue from Sweden and the rest from Finland, Denmark, Netherlands, Norway, and Belgium. | $0 | -19% | $239M | $422M | 0.2x | 7.7x | ||
| Vertiseit AB is a retail tech company and a total supplier of digital solutions. It provides full-service digital signage such as design and development, touch app development, 3D animation, motion design, content template, and system integration. The company's segments include SaaS, Consulting, and Systems. The company generates the majority of its revenue from the Systems segment. Geographically, the company generates the majority of its revenue from Sweden. | $5 | -19% | $157M | $185M | 2.4x | 19.4x | ||
| Exsitec Holding AB provides information technology services. The business activities of the company include IT support by providing support, management, and further development of the IT systems of the customers. The company offers e-commerce solutions, software development, IT training, and other related services. The group’s operations are managed and reported based on the three operating segments: Sweden, Norway, and Other Nordic Countries. The majority of its revenue is derived from Sweden. | $10 | -20% | $138M | $165M | 1.6x | 7.6x | ||
| Softronic AB provides a wide selection of IT and management services in Sweden. The company offers E-commerce platform, insurance systems, digitalization, E-health, digital sales platform, scanning, modern outsourcing, managed services, cyber defense as services and customer care system. | $2 | -3% | $122M | $111M | 1.1x | 9.9x | ||
| Prevas AB is a Sweden-based information technology (IT) company that offers solutions, services, and products to customers who develop products with high IT content and need to streamline and automate their operations. The company's products are segmented as automotive, products and units, steel and minerals, defense, energy, life science, manufacturing, engineering, and telecom industries. The company has two geographical segments, namely Sweden, Finland, Denmark, and Other. It derives maximum revenue from Sweden. | $8 | -15% | $109M | $136M | 0.7x | 7.2x | ||
| CAG Group AB is an information technology consulting company. The company's services include information technology management, system development, operations, and training. The company offers cutting-edge expertise in Technology Management, System Development, Cyber Security, Operations & Administration, and Education with a focus on the customer segments of Defense, Banking & Finance, Trade & Services, Industry & Infrastructure, and Health & Care. | $11 | -6% | $81M | $71M | 0.8x | 6.8x | ||
| CombinedX AB is a family of knowledge companies that help companies and organizations to take advantage of the opportunities of digitalisation. It delivers services through eight wholly-owned specialist companies, each with market-leading technology and business expertise in its niche. | $4 | -8% | $80M | $85M | 0.8x | 6.6x | ||
| Novotek AB delivers industrial-IT and automation solutions based on standard products and components. The company products are used in Energy, Food, Drug, Petro and chemical, Metal, Manufacturing, Paper and Mass, Infrastructure, Water and Drainage, and Building Automation industries. Its solution includes process optimization, energy monitoring, industrial data provider, production planning, version management, Kepware OPC communication platform, cyber security for production and process networks and others. | $6 | -32% | $65M | $51M | 0.9x | 6.6x | ||
| White Pearl Technology Group AB is a diversified IT company that offers solutions and products from its portfolio as well as from third-party vendors. Operating in thirty countries, the group has established a robust presence in various markets. Its primary focus is on emerging markets, including Africa, the Middle East, Asia, and, to a lesser extent, Latin America, which offer ample growth opportunities. The company actively supports businesses in these regions by providing technological solutions and services to empower organizations in the digital era. | $2 | +219% | $64M | $64M | 1.1x | 6.6x | ||
| Avensia AB creates tailor-made e-commerce solutions, providing complete omni-channel solutions to companies with high demands. It offers services such as .NET-technology for e-commerce, CMS, Product Information Management and personalisation. | $1 | -35% | $33M | $34M | 0.7x | 6.2x | ||
| Observit AB is the market leader in the Nordics when it comes to mobile video surveillance in public transport. The company provides software as a cloud service, and a Software as a Service (SaaS) solution, and currently has approximately 38,000 licenses (one license per security camera) connected globally. The customer base includes bus operators such as Nobina, Keolis, and Arriva and other transport-heavy customers such as Elis. Observit wants to become the brand for mobile video solutions in the transport sector. | $0 | -18% | $29M | $27M | 4.0x | 28.7x | ||
| 4C Group AB is engaged in providing software solutions and services for organizational readiness, training, and crisis management. It provides its solutions mainly to customers in mission-critical environments such as defense forces, public organizations, and companies in the corporate sector that need managing risks and training for sudden and critical events. Geographically the company generates the majority of its revenue from Sweden and also coordinated into four segments: EMEA, North America, APAC, and Global Expert Services. | $1 | -58% | $28M | $45M | 1.1x | 7.9x | ||
| B3 Consulting Group AB is a Sweden based consultancy company which help businesses to streamline their IT operations by developing their technology, processes, strategies, and organization. The company has expertise in fields such as IT management, systems development, databases, telecommunications solutions, healthcare, infrastructure and cloud solutions, testing and quality management, and digital channels. | $3 | -56% | $25M | $53M | 0.4x | 5.8x | ||
| Triona AB is a Swedish IT company that provides key software solutions and services for organizations in the transport, infrastructure, forestry, and energy sectors across the Nordic region. The company specializes in improving daily operations through data-driven insights and efficient resource flows. | $3 | -30% | $20M | $18M | 0.7x | (47.7x) | ||
| DevPort AB is a Sweden-based software development company. The company's business area focuses on software and electronics solutions, it are specializing in applications for mobile & web and IoT through IT expertise. Within embedded systems, it offers a wide range of services in software and electronics development as well as test & verification. The company operates in Sweden and Others; the majority of revenue is from Sweden. | $1 | -40% | $14M | $11M | 0.3x | 33.2x | ||
| Frontwalker AB offers commitments regarding developing and managing large customer-specific IT systems and enhancing resources and competence throughout all phases of the system development process. | $0 | +103% | $14M | $14M | 3.5x | (7.3x) | ||
| Aixia Group AB is an IT company. It conducted operations in the construction and development of IT, which includes, among other things, AI/Deep Learning platforms, data centers, security, management, hosting, network & communication and backup/DR. The company delivers products, solutions and expertise in, among other things, the following business areas; AI solutions and services, Enterprise IT infrastructure, IT operation and hosting, IT products/solutions and currently has around 120 customers distributed across the country within a wide range of different industries. | $7 | -55% | $10M | $12M | 0.5x | 18.9x | ||
| SolidX AB is an IT consulting company that provides expertise and resources in IT and digitalization for both private and public sectors. The company specializes in strengthening customer organizations by offering consultants for projects and day-to-day operations. The company is also known for its focus on consultants, aiming to be an employer by offering flexible working conditions, competence development, and competitive compensation. | $0 | +22% | $9M | $9M | 0.6x | 74.1x | ||
| Flowscape Technology AB is engaged in developing software to connect people and manage communications for responsible authorities and operators of critical environments and industry. Its product portfolio includes Room, Desk, Colleague, Equipment Finder, Housekeeper, and Flow Manager. The company devices include a billboard, a smartphone, a desktop, an Outlook plugin, and a room panel. | $0 | +10% | $7M | $6M | 1.3x | 5.3x | ||
| Vidhance AB is a company that operates in the IT sector. The company is a developer of software solutions and services that analyze and optimize video clips in the customer's camera in real time. The software is sold under separate brands and is specially adapted for mobile use, where the software adjusts for uncontrolled movements, vibrations and other friction. | $1 | +12% | $4M | ($3M) | (1.6x) | 1.4x | ||
| Holdflight AB formerly, Fastout Int AB provides an IT platform connecting companies that want to highlight a geographic location with local dronarpiloter. The company's product creates FastOut effective marketing for their clients. | $0 | +103% | $2M | $2M | 4.1x | (3.7x) | ||
| Fram Skandinavien AB is an investment company. The group focuses on the digital consumer, blockchain and invests in high-growth tech companies and other digital assets in Southeast Asia. Geographically the company generates the majority of its revenue from Vietnam. The company's portfolio companies includes Carmudi, EveHR, Dragonlend, Liven, SEA, Grab, Abaxx Technology, and Bukalapak. | $0 | -32% | $2M | $1M | 2.1x | (5.0x) | ||
| Time People Group AB conducts consulting activities in Stockholm. It offers services that cover the entire chain from plan, change and project management, programs, and system and method development, to test engagement and management. The group operates under its own brands with a clear focus and expertise in IT and Management. | $0 | -68% | $2M | $2M | 0.1x | (1.3x) | ||
| Median | $2 | -19% | $29M | $45M | 0.8x | 6.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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