US$ 42.8B
European IoT devices market by 2030 (15.9% CAGR 2025–2030)
Investor Relations
We help companies digitalise, automate and optimise energy and mission-critical operational processes through IT development and IoT-based energy solutions — combining a stable services business with scalable solutions built on our own IoT platform.
Our market
US$ 42.8B
European IoT devices market by 2030 (15.9% CAGR 2025–2030)
US$ 86.2B
European industrial IoT market by 2032 (17.5% CAGR)
US$ 31.7B
European energy-management systems market by 2030 (12.9% CAGR)
These trends illustrate the strong momentum behind IoT, automation and energy optimisation across the EU — areas where Wirtek's services and solutions are well positioned to deliver value.
Our business model
Software development, IoT and QA focused on long-term client relationships. AI is used systematically to raise utilisation, speed and margins.
IoT and software-based energy solutions built on the Wirtek IoT Suite. Implementation projects, IoT hardware, licence fees and recurring service agreements. Solutions drive ARR and margin expansion.
Highlights
Digitalisation and optimisation of energy- and mission-critical processes through IT development and IoT-based energy technologies.
Exposure to two strong global megatrends: energy technology and digitalisation.
Strong turnaround underway with better margins, commercial discipline, and more mature execution.
Low risk due to a Services business combined with high upside from the Solutions business and the scalability of the IoT platform.
Management with a proven ability to execute strategic transformation and disciplined capital allocation.
Attractive long-term potential as Solutions scale, recurring revenue grows, and the margin profile improves.
Outlook for 2026
| MDKK | 2026 (guidance) | 2025 (actual) | Growth |
|---|---|---|---|
| Revenue | 65.0 – 70.0 | 64.3 | 1% – 9% |
| EBITDA | 3.0 – 6.0 | 1.7 | 76% – 253% |
25 years
Michael Aaen founded the company in Aalborg, Denmark, as a spin-off from Nokia.
Wirtek became a public company — the 3rd to be listed on the Nasdaq Copenhagen First North Growth Market. Opened the first development and test centre in Cluj-Napoca, Romania.
Acquired Software Pro A/S, a Danish testing consultancy, strengthening QA expertise.
Major rebranding of Wirtek, strengthening the foundation for accelerated growth.
Accelerate25 strategy announced. Acquisition of CoreBuild — a major milestone in the Accelerate25 implementation.
Accelerate25XL strategy with raised financial goals. Recruited experienced CFO; initiated implementation of a new ERP system.
Reorganised into 5 core business domains. Strengthened governance: ESG journey, adopted FBV guidelines, added Martin Dommerby and Janie C. Nielsen to the Board.
Clean energy focus led to 70% growth of the energy business unit. Strategic acquisition of Seluxit assets (Denmark) and Pragmasoft (Portugal). Accelerate25XL strategy suspended as the company shifts to a hybrid Services + Solutions model.
New strategy announced to drive return to growth in 2026. Wirtek IoT Suite launched as the new name for the proprietary platform; 5 solution packages.
Strategy
Three drivers supported by operational excellence: modernise the services delivery model; commercialise standardised vertical solutions on the Wirtek IoT Suite; build strategic partnerships and pursue selective theme-oriented acquisitions.
Read the strategy announcement