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May 31, 2019 12:00 PM

Sdiptech AB (publ) acquires Cryptify AB in Sweden

Press release
31 May 2019, 12:00

Sdiptech AB (publ) acquires Cryptify AB in Sweden

As of today, Sdiptech has acquired all shares in Cryptify AB.

Cryptify is a Swedish based software product company offering solutions for secure mobile communication in primarily Sweden and the UK. Current net sales trading is approximately SEK 18 million with good profitability.

Jakob Holm, CEO Sdiptech, comments:

"Cryptify develops software products for secure end-to-end mobile communication. The customers are primarily found in Government & Defence with so-called restricted security classification where the need for secure and ease-of-use communication is growing. Cryptify is well positioned in this market and will be included in the business area Special Infrastructure Solutions (and the sub-segment Safety and Security).

We welcome the founders Johan Wagné (Managing Director) and Micael Berg (Sales Director) and the team to the Sdiptech Group and look forward to continue developing the company together with them.”

Johan Wagné, MD of Cryptify, comments:

“Cryptify’s solutions have been developed over several years together with customers with high requirements on security classification and product certification. Our products are device independent and enable the user organisation to enjoy absolute and exclusive control of all cryptographic material. With Sdiptech as long-term owners, Cryptify will gain good opportunities for further development in order to meet our customers’ future needs.”

For additional information, please contact:

Jakob Holm, VD, +46 761 61 21 91,

Bengt Lejdström, CFO, +46 702 74 22 00,

Sdiptech's common share of series B share is traded under the short name SDIP B with ISIN code SE0003756758.
Sdiptech AB's preferred shares are traded under the short name SDIP PREF with ISIN code SE0006758348. Sdiptech AB's Certified Adviser at Nasdaq First North Stockholm is Erik Penser Bank, +468-463 83 00, Further information is available on the company's website: 

Sdiptech AB is a technology group with a primary focus on infrastructure segments critical to well-functioning societies and to welfare, e.g. water & sanitation, power & energy, transportation, energy efficiency, air and climate control and safety and security. As part of our offering in urban areas, we also provide niched technical services for buildings and real-estate such as renovation of elevators and roofs. The company has approximately SEK 1,500 million in sales and is based in Stockholm.

The information was provided by the above contact persons for publication 31 May 2019 at 12:00 CET.