Knowit acquires the Swedish consulting company Milso AB, which specializes in technical services within the defense sector. The acquisition includes all shares in the company and the purchase price amounts to 47 million kronor, writes Knowit in a press release.

Milso offers consulting services in technology, management, and IT, with clients such as the Swedish Armed Forces, the Swedish Defence Materiel Administration, and the defense industry. The acquisition strengthens Knowit's operations within the defense sector, where the company is already established.

– We see great potential to take a stronger position within the defense area, and with the long experience and deep expertise that Milso has within the sector, we create a broader footprint and become an even more competent partner for our customers, says Per Wallentin, CEO of Knowit, in the press release.

Milso was founded in 2006 and has framework agreements in several areas, including Gripen, electronic warfare, and combat vehicles. The company has about 50 employees, many with backgrounds in the armed forces.

– In the current security situation and with increasing demand within total defense, we have seen a need to add resources and develop Milso based on new conditions. Knowit's vision of offering the market's highest competence in technical consulting services to the defense sector gives us the opportunity to further develop the company, says Milso CEO Kristian Hammar.

Links: