Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Knowit AB ( (SE:KNOW) ) just unveiled an announcement.
Knowit AB has acquired Insicon, a Swedish company offering a comprehensive business system for the insurance industry, to strengthen its fintech position in the European market. This acquisition enables Knowit to expand its platform offerings to the insurance sector, leveraging Insicon’s cloud-based solutions and development capabilities in Serbia, which is expected to enhance Knowit’s competitive edge in replacing outdated IT systems in the banking, finance, and insurance sectors.
More about Knowit AB
Knowit AB is a digitalization consultancy firm founded in 1990, with approximately 3,900 employees primarily in the Nordic countries, as well as operations in Germany and Poland. The company focuses on digital transformation through its four business areas: Solutions, Experience, Connectivity, and Insight, offering services in system development, digital experiences, IoT, cloud, cybersecurity, and management consultancy. Knowit is listed on Nasdaq OMX Stockholm Mid Cap.
Average Trading Volume: 44,480
Current Market Cap: SEK3.59B
For a thorough assessment of KNOW stock, go to TipRanks’ Stock Analysis page.