Digitalist Group acquires the parent company of Wunderkraut Sweden AB and sets up a web technology competence center in Stockholm

Digitalist Group acquires the parent company of Wunderkraut Sweden AB and sets up a web technology competence center in Stockholm

Digitalist Group Plc (“Digitalist Group”) has signed an agreement by which the Swedish company NodeOne Group AB, a parent c0ompany of Wunderkraut Sweden AB (“Wunderkraut Sweden”) becomes part of the Digitalist Group subject to certain closing conditions of the acquisition to be fulfilled. With the closing of the acquisition, Digitalist Group expands its operations to Sweden and strengthens its web design and development offering significantly. As a result of the acquisition, Digitalist Group will also bring the full power of its “Discover – Design – Delivery” offering portfolio to the Swedish market for clients to enjoy one-stop shop for all digitalization needs. Wunderkraut Sweden enjoys a strong reputation as leading digital and web development company in Sweden and enjoys extraordinary client satisfaction with a world-class team delivering continuous engagements and projects.

NodeOne Group AB’s consolidated group revenue per 31 December 2016 was SEK 37.3 million, EBITDA SEK 2.77 million and profit SEK 2.74 million.

Wunderkraut Sweden is a Swedish digital and web development company with a pioneering track record in helping brands adopting new web technologies without compromising the user experience and easy-to-use services. Wunderkraut Sweden has a solid client base, strong references and serves a great variety of clients across industries in Sweden. With the merger, 45 people will form the basis of Digitalist Sweden. Wunderkraut was also selected as one of Sweden’s best places to work by Great Place to Work(R) in 2016.