Growth – develop and acquire

We primarily grow through acquisitions, but equally important is to develop the products we offer on our different markets. An important part of this is to continuously reinvest in our product portfolio to keep our offering relevant also in the future. This means that we have a genuine long-term approach on the companies we acquire and how acquisitions are performed. Part of this is, naturally, to match which companies we can be right for and that can be right for us. We prefer a thorough and close dialogue where we as companies get to know each other.

Our growth until now

Vitec is a leading provider of Vertical Software and has its origin in Umeå, Sweden. We develop and deliver standardized software for various niches, and we primarily grow through acquisitions of companies that resemble us. Today, we are almost 1,500 colleagues within the Group and together we had net sales of 2,778 MSEK in 2023. Our head office and the majority of the Group Management Team are placed in Umeå and we are listed on Nasdaq Stockholm.

Numbers in brief

11

We have operations in 11 countries

1 470

We have grown to almost fifteen hundred colleagues.

41

Business units.

1985

The year Vitec was founded.

2 778

The number of million Swedish crowns we had in turnover during 2023.

24 600

The number of customers we have.

We are entrepreneurs with a long-term perspective.

Our work with acquisition is based on a simple and transparent process. Basically, it's about us being entrepreneurs who have a dialogue with other entrepreneurs. In other words, we are not an investment company, but try to keep the acquisition process as simple as possible. Do you have questions about how we work with acquisitions? Contact me and I'll tell you more.

Aleš Zobec, M&A
+46 72 083 06 27
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