A bold step towards sustainable growth
For many years, Wirtek has built its reputation as a reliable IT services provider by utilising its development and test centres in Romania to deliver high-quality, cost-effective IT services to clients in several countries.
In 2021, Wirtek launched its Accelerate25XL strategy to accelerate growth through both organic business development and carefully chosen acquisitions. The goal was to seize new opportunities by expanding internationally and strengthening the market position.
However, recent shifts in the global market have prompted many organisations to take a more strategic and cautious approach to IT investments and projects. In response, Wirtek made a deliberate decision to expand its strategy to balance IT services with scalable technology solutions.
The acquisitions of Pragmasoft and Seluxit were central to this decision, enabling the company to build on its established Services model, while introducing a new Solutions model focused on innovative products and platforms.
Expanding beyond traditional IT services
The Solutions model differs fundamentally from the traditional Services model. Instead of relying on the delivery of resource-intensive services engagements, Solutions generate recurring revenue streams through digital platforms, IoT hardware, and software products.
This new approach demands a different operational focus and investment in scalable technology platforms that can deliver long-term value through continuous innovation and enhanced customer engagement. It became clear that, to fully leverage the strengths of both models, a reorganisation of the company’s structure was essential.
Effective January 2025, Wirtek operates with two distinct divisions: Services and Solutions. This new structure enables the company to address the unique requirements of each area.
- The Services division continues to build on its extensive experience in delivering high-quality IT services and maintaining the reliability that clients expect. To learn more about how the Services Division is strengthening core capabilities, read our dedicated article here.
- The Solutions division is focused on developing innovative products and platforms that combine software excellence with IoT capabilities. Explore how the Solutions Division is driving innovation and creating recurring revenue streams here.
This evolution includes the selective integration of advanced technologies, to enhance product offerings and operational efficiency.
By diversifying its business model, Wirtek is well-equipped to meet evolving client needs, while reducing reliance on traditional IT services and ensuring long-term financial resilience.
Empowering clients with future-ready solutions
Wirtek’s transformation is not just a strategic move for internal growth – it delivers tangible benefits for our clients:
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Customized next-gen technology
Whether clients require scalable custom-built software or plug-and-play smart solutions, they can choose the right flexible engagement model that fits their business.
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Accelerated digital transformation
By combining high-quality IT services with pre-built, scalable solutions, Wirtek helps businesses streamline implementation, reduce development time, and accelerate time-to-market — giving them a competitive edge.
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Industry-specific expertise
Wirtek’s expansion into clean energy, IoT, intelligent automation, and digital transformation means that clients in these industries can leverage solutions specifically tailored to their business challenges.
Looking into the future
Wirtek’s decision in late 2022 to prioritise growth initiatives towards the Energy sector, with specific focus on market opportunities and acquisitions within clean and green energy, has yielded an impressive year-over-year (YoY) growth rate of 84% during 2024.
This demonstrates Wirtek’s ability to identify and develop high-potential areas, reinforcing our commitment to sustainable, high-growth markets.
With this new structure, Wirtek is positioned as a long-term technology partner, offering both customized IT services and innovative, scalable solutions—giving businesses the tools to compete and thrive in a digital-first world.
Michael Aaen, CEO, comments:
“The transition from a pure IT services model to a dual-division structure featuring both Services and Solutions marks a key turning point for Wirtek. By recognising the differences between these business models and leveraging the unique opportunities offered by each, the company is creating a more agile, diverse, and resilient business. This strategic evolution ensures that Wirtek is well prepared to lead in the digital age and continue delivering long-term value for its clients and shareholders."
About Wirtek
We are a Danish IT Services and Solutions company that provides software development, embedded engineering, R&D, Quality Assurance, and testing services to help clients worldwide.
We specialise in Energy, Wireless Communication, Automation & IoT, as well as helping clients within X-Tech. We also offer our own product solution portfolio for the energy and IoT sector.
At Wirtek, we prioritise building long-term client relationships, with some lasting over a decade. We believe that quality partnerships are just as important as software quality in achieving our clients’ goals.
Established in 2001 as a spin-off from NOKIA, we have offices in Denmark, Romania, and Portugal, and have been listed on Nasdaq First North Copenhagen since 2006.
Ticker Code: WIRTEK (DK0060040913)
