The Swedish Competition Authority has approved Knowit’s acquisition of Cybercom
The Swedish Competition Authority has approved Knowit’s previously announced acquisition of Cybercom.The approval was one of the conditions for the acquisition which was announced on 5 May 2021. In addition, the acquisition is conditional upon the authorization by the Extraordinary General Meeting, May 28[th], for the Board of Directors to resolve on the issue in kind of 5,760,883 Knowit shares. The acquisition of Cybercom is expected to be completed by the turn of June/July 2021. Per Wallentin, CEO of Knowit, commented the acquisition on the announcement of the deal: “For several