Qgroup invests in IT consultant CoreChange

Following the transaction, Qgroup owns 25 percent of the shares in the parent company CoreChange Group AB.

CoreChange was founded in 2013 and is a fast-growing IT consulting company with operations in Stockholm and Gothenburg. In 2021, the company had sales of approximately SEK 160 million and more than 100 employees. The business concept is to drive their customers’ digital journey of change – from strategy to implementation and realization. The basic offer includes consulting services, primarily in business systems and e-commerce for customers in both the private and public sectors.

The investment in CoreChange means that Qgroup buys 25 percent of the parent company’s shares. The transaction takes place through a new share issue, which at the same time ensures the CoreChange Group’s continued expansion going forward.

Jon Carvell, CEO of Qgroup:
“Investing in CoreChange is just right for us – now we are adding a well-run and fast-growing company to our group. The deal also means that we are entering the business systems (SAP) segment for the first time. This opens up a new arena for us to grow in, and we are very much looking forward to further developing the company together with the existing management. ”

Robert Åberg, CEO of CoreChange:
“We have methodically built up our company over a ten-year period and are now ready to shift up further. The addition in the form of capital and expertise from Qgroup means that CoreChange can continue its growth journey and, at the same time, gain access to a strong customer portfolio. The cultural similarities are striking, and it is well in line with our partnership strategy to work together with like-minded people in the industry. We look forward to a fun and successful journey together.”

Mikael Kretz, co-founder of Qgroup, will in the future be part of CoreChange Group’s board.