August 2, 2024

CR Group Featured in DI Digital for Strategic Acquisition of Fox Crypto

From left: Nicklas Storåkers and Formica, represented by CEO Olof Cato, are principal owners of CR Group. The company's CEO is Björn Weigel, and Jens Bohlin is CEO of the subsidiary Tutus Data. Photo: Jesper Frisk (Di).

CR Group has been featured in DI Digital, one of Sweden’s leading tech and business outlets, in connection with our acquisition of Dutch cybersecurity company Fox Crypto for €70 million (SEK 821 million).

The article highlights CR Group’s rapid growth since its founding in 2022, backed by prominent investors including Nicklas Storåkers, Madeleine Olsson, and Formica Capital. With the acquisition of Fox Crypto, a well-established provider of encryption solutions for critical infrastructure and the Dutch Ministry of Defence, CR Group strengthens its footprint in both the EU and NATO markets.

“This acquisition is a key milestone and lays the foundation for further European expansion,” said Björn Weigel, CEO of CR Group, in the article.

Fox Crypto brings a team of 144 experts and a strong track record in securing state secrets and sensitive communications. Following the acquisition, CR Group’s rolling 12-month revenue reaches SEK 608 million, underlining our position as a serious European cybersecurity player.

We’re proud to see our journey and ambition recognized by DI Digital, and we remain committed to delivering secure, sovereign solutions for the organizations that safeguard our society.

The full article is available at DI Digital (in Swedish).