Data Respons acquires Swedish gazelle company
Data Respons ASA has today signed an agreement to acquire 100% of the shares in inContext AB, a Swedish R&D Services company located in Stockholm with 80 employees. The company is a leading niche provider of specialist services in the field of interconnect, autonomous systems and embedded software.
-With this acquisition, we continue to expand our footprint in Sweden, the largest market in the Nordic region. inContext is a fast-growing R&D Services company that specialises in interconnect, electrification, Embedded SW technology, mechanical design and project management, which makes them, important in the development of the future autonomous systems. InContext’s specialist expertise will provide synergies and strengthen Data Respons’s position as a complete technology partner for industrial digitalisation, IoT and smart embedded solutions, says Kenneth Ragnvaldsen, CEO of Data Respons.
– inContext has from the beginning been built on three core pillars – passionate employees, honest relations to customers and colleagues, and the desire of being the best partner in our technology niche. This harmonise well with Data Respons’ values and I am confident that we jointly will continue to grow in a highly attractive market, says Matti Schvili, CEO of inContext AB.
– We are pleased to gain complementary technology competence and at the same time welcome many skilful engineers to the Data Respons family. The company has committed and tech-driven employees working closely with top quality product development teams at world-class customers. I am impressed by the growth track record of inContext, achieving the prestigious Gazelle status for four consecutive years. This confirms strong recruitment ability and proves a great place to work, Kenneth Ragnvaldsen concludes.