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Press release

Neovici has Completed the Acquisition of Wraptech

Neovici

Neovici Holding AB ("Neovici") entered into an agreement on December 20th, 2024, to acquire all shares in Wraptech Svenska AB ("Wraptech"). The acquisition has now been completed and Wraptech will be consolidated into Neovici's accounts from the first quarter of 2025.

Wraptech, founded in 2003 with headquarters in Grums, Värmland, is a family-owned company that focuses on innovation and development within store-related equipment, including both hardware and software. Wraptech reported sales of SEK 43 million and a profit before tax of SEK 0.9 million in 2023. The acquisition strengthens Neovici's position within connected retail business systems and is expected to generate significant synergies in both sales and cost efficiency.
 
For more information about the acquisition, please refer to the press release dated December 20th, 2024.

For further information, please contact
Jan Berggren, CEO and Founder
Email: jan.berggren@neovici.com
Phone: + 46 70 615 10 01

About Neovici
Neovici Holding AB ("Neovici") was founded in Stockholm in 2009 and is a leading provider of automated services through the innovative SaaS platform Cosmoz. The company continuously introduces new features focusing on AI-driven automation and annually handles large transaction flows for clients in retail, energy, and telecom. Neovici has a strong presence in the Nordic countries and in Latin America. In 2024, Neovici was listed on Nasdaq First North Growth Market.

Read more at: https://www.neovici.se

Certified Adviser
The company's Certified Adviser is Eminova Fondkommission AB | + 46 8 684 211 10 | adviser@eminova.se.

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Neovici has Completed the Acquisition of Wraptech

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