Combitech acquires norwegian Watchcom

The technical consultant company Combitech has acquired the Norwegian Cyber Security company Watchcom. The acquisition further strengthens Combitech’s position as the leading Cyber Security provider in the Nordics.

"We see great demand for Cyber Security on the Nordic market, partly as a result of the digitalization, which place major and changing demands on security. Through this acquisition, we are now even better equipped to meet the market’s needs and contribute to a safer society”, says Pernilla Rönn, Head of Division Cyber Security at Combitech.

Watchcom is one of Norway’s leading knowledge companies within cyber and information security. Watchcom also arrange Paranoia, one of the Nordic regions’ largest Info Sec conferences, which attracts hundreds of attendees each year.

"With Combitech’s support, we stand stronger and can offer our clients a wider range of services and become a more important partner. We have recently signed a number of framework agreements and a strategically important agreement within the retail sector", says Anette Roll Richardsen, CEO of Watchcom.

In December 2016, Combitech, which is an independent company within the defence and security group Saab AB, became the majority shareholder in Watchcom Security Group AS through the acquisition of 51.11% of the company’s shares, with an option to aquire the remaining shares. Combitech has now completed that option to become the sole owner of Watchcom.

FOR FURTHER INFORMATION
Pernilla Rönn,
Head of Division Cyber Security at Combitech
Tel: +46 706 95 02 27, e-mail:
pernilla.ronn@combitech.se
Anette Roll Richardsen, CEO of Watchcom
Tel: +47 92 21 53 21, e-mail:
anette@watchcom.no