Digitalisation company Gofore has today, 4 July 2025, signed an agreement to acquire the entire share capital of Huld. The completion of the acquisition requires an approval by the Finnish Competition and Consumer Authority.
With this acquisition, Gofore will become one of Finland’s largest players in industrial digitalization and significantly increases the capability to participate in major security and defence projects both in Finland and in Europe. Since 2017, the main owner of Huld have been the funds managed by Sentica.
Huld’s expertise doubles the number of employees in the Intelligent Industry sector and significantly expands its customer base. Huld’s diverse offering complements Gofore’s offering in the design, lifecycle management, and digital services of intelligent industry. In Finland, Huld is at the forefront of cybersecurity for industry – a field of growing importance due to the rise of hybrid threats. Furthermore, the acquisition strengthens the companies’ ability to take on increasingly larger comprehensive solutions.
“I see significant opportunities in joining Gofore to grow our business together in our key customer sectors. Additionally, together we are a strong player that our customers seek as long-term strategic partners”, says Mika Kiljala, CEO of Huld
The acquisition gives the companies an even more comprehensive capability to participate in large security and defence projects. Huld’s expertise in defence and space sectors significantly strengthens Gofore’s strategically important overall security expertise, customer base, and network.
Huld has capabilities that meet the requirements of these sectors, including processes that meet the security and quality requirements of Finnish Defence Forces and other authorities, enabling future bids for larger and more demanding projects. Huld is currently contributing to the development of technologies for Finland’s F-35 fighter fleet.
The acquisition implements Gofore’s strategy of growth through acquisitions and is a significant step in expanding Gofore’s Intelligent Industry as well as Security sectors. Huld also introduces a new domain, the space industry. Gofore CEO Mikael Nylund comments:
“Through this acquisition, we enhance Gofore’s role as a provider of security in Finland and Europe. We have chosen Security as one of the cornerstones of our growth strategy, and with Huld’s help, we will make a significant leap in implementing this. Huld has a long history and exceptional expertise in space technology, which is rapidly gaining importance in the market.”
The merger also meets the needs of Gofore and Huld’s clients to consolidate their digitalisation procurement into fewer suppliers. Accelerating digitalisation in the industry is driven by trends such as AI, servitisation, green transition and electrification, as well as geopolitics, which increases the investments of companies and governments in cybersecurity and dual-use technologies. In addition, Gofore and Huld share several customers in common, providing a stable foundation for joint growth.
Mika Kiljala, CEO, Huld
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Gofore Plc
Gofore is an international digital transformation consulting company. We have 1,400 experts in a total of 18 locations in Finland, Germany, Austria, Estonia, and Spain. Our technology and business experts build a functional, safe, and equitable digital society with its services and sustainable intelligent industry solutions. Our diverse group of experts is united by a pioneering spirit and a desire to create a more humane and responsible digital world. Our operations are guided by strong values: we are a great workplace for everyone, and we thrive on our clients’ successes. Our revenue in 2024 was 186.2 million euros. The shares of Gofore Oyj are listed on Nasdaq Helsinki Oy. Our vision is to be the leading European expert in digital transformation.
Huld
Huld is the boldest technology and design house in the galaxy. We employ approximately 400 experts across 11 offices in Finland and the Czech Republic. With human-centric software and product design, we deliver solutions that last for tomorrow – and beyond. We are committed to quality, safety, and sustainability. Our work spans everything from intelligent satellites and electric machinery to national security. Our mission is to make the world smarter by solving society’s challenges through technology and design – humanely and boldly.