HiQ acquires the IoT specialist Cogitel based in Karlskrona. With its 30 employees, it will be a strategically important addition to HiQ's continued efforts to be a one-stop shop for customers in digitization. The acquisition is the next step in HiQ's journey towards becoming northern Europe's leading tech consulting company.
“I am thrilled to be able to welcome Cogitel to HiQ! We see a solid development and consistent growth within IoT, and today, we work in close relationship with some of the Nordic region's leading players. The fact that Cogitel comes in with its deep knowledge, and both important customers and partners, enables us to broaden our offering in this area, which is fantastic. Together we are stronger,” says Fredrik Malm, acting CEO of HiQ.
Cogitel was founded in 2010 in Karlskrona and has since delivered products, services and tailored development of cloud-based business solutions and services with a focus on connectivity. In addition, the company offers expert consultants in telecom and works in close collaboration with Telenor Connexion. Cogitel also owns the standalone IoT platform Thellio, a licensed software product. The platform performs tracking, monitors health and productivity, and allows efficiency optimizations of your connected products, machines, and even connected spaces. Cogitel consists in its entirety of 30 employees and has customers all over Sweden.
“We look forward to being a part of HiQ and are incredibly proud to be able to announce this today. With HiQ, we get entirely different prerequisites that allow us to scale up as a company. In terms of the offering and corporate culture, we fit well together, and uniting our operations means that we can create a powerful team. In addition, our cutting-edge expertise is a perfect match with HiQ. We also look forward to growing with HiQ's incredibly strong overall offering,” says Magnus Nilsson, CEO of Cogitel.
IoT is an area where development is progressing rapidly. HiQ has broad industry knowledge and extensive experience working with leading players in the field. Cogitel will strengthen HiQ in terms of this vital investment area. The team strengthens HiQ's position to deliver digitization as a holistic partner – from strategy to design, development, integration, launch, operation, and management. The acquisition means an expansion in Sweden and locally in Karlskrona, where recruitment and job opportunities are top priorities on the agenda. HiQ has had a presence in Karlskrona for many years and is a leading company in the city. Cogitel will belong to region HiQ Sweden South with offices in Malmö, Karlskrona and Lund. Cogitel will be part of HiQ, while the Thellio platform will continue to operate under its own brand in the future.
“Karlskrona is an exciting market for us; we are aiming to become the largest locally! When we decided to expand further in the south of Sweden and got in touch with Cogitel, the decision was easy. We invest heavily in the region, which means that we can contribute even more to the local economy. Karlskrona has a strong business community with companies such as Ericsson, Saab and Telenor, and the region is also vital in terms of the public sector. We are a great partner for companies in need of digitization and an employer for everyone who wants to work with leading-edge tech, IT, integration, design, and communication. With Cogitel we will be even stronger in the region. As an employer, we can recruit at a higher pace; our goal is to grow and bring in even more competence in the company. In the future, we will see a lot of job opportunities locally, and at the same time, we can offer employees even more exciting assignments, concludes Fredrik Malm, acting CEO of HiQ.