CR Group Nordic

CR Group Nordic, established in 2022 and formerly known as C-Resiliens, operates as a specialized provider of cybersecurity solutions tailored for security-sensitive operations. The company's business is centered on developing and delivering government-approved and certified encryption products, hardened networks, and secure communication systems. Its clientele primarily consists of defense agencies, government bodies, and businesses with mission-critical operations across Sweden, the European Union, and NATO member states.

The formation of the company was driven by the increasing need for advanced cybersecurity in Europe, further propelled by new regulations. The principal owner is the investment firm Formica Capital, with other notable investors including Nicklas Storåkers and Madeleine Olsson. The firm is led by CEO Erik Hjelmstedt, who brought extensive executive experience from companies like Kry and Schibsted when he was appointed permanent CEO on December 1, 2024, after a period as interim CEO. Björn Weigel, the former CEO and a driving force behind the company's creation, now serves on the board of directors.

CR Group Nordic's business model is built on a strategic acquisition growth strategy, creating a group of wholly-owned subsidiaries with specialized expertise. This began with the acquisition of Tutus Data, a market leader in encrypted communications, in 2023. This was followed by the acquisition of West Code Group in January 2024 and a significant agreement to acquire the Dutch cybersecurity company Fox Crypto in August 2024 for €70 million. These acquisitions have expanded the group's product portfolio to include secure mobile command centers, audited software, and high-assurance data diode solutions, while also strengthening its presence in the NATO market. This strategy has led to substantial revenue growth, with pro forma revenues reaching SEK 320 million in 2023 and a projected SEK 608 million following the Fox Crypto acquisition.

The company's offerings address the protection of classified information through a variety of products and services. These include secure smartphones like the Färist Mobile, which is approved for use by NATO, along with network security solutions, secure video conferencing, and protected cloud services. The group structure allows subsidiaries like Mollitiam, Tutus, and West Code Group to focus on specific domains such as handling highly classified intelligence, crypto products, and protective security services, respectively.

Keywords: cybersecurity, encrypted communications, defense technology, government security, critical infrastructure protection, hardened networks, NATO supplier, secure cloud services, data protection, information security, security-sensitive operations, secure smartphones, network security, Formica Capital, Tutus Data, Fox Crypto, West Code Group, European cybersecurity, mission-critical systems, secure collaboration