CR Group Nordic
Strategic
Investment
Cyber security
Sector
Stockholm
HQ
Cyber security in society’s service
Purpose
225
Employees
610 MSEK
Revenues 2023pf
CR Group Nordic (formerly C-Resiliens) was founded in 2022 with the conviction that with an ever increasing need for improved cyber security in Europe and the EU, in combination with new legal requirements and regulations coming in effect already in 2024, there is an opportunity to invest and build a new type of offering in the market.
CR Group Nordic made its first acquisition in 2023, by acquiring Tutus Data. Tutus is the market leader within government approved and certified encrypted communications products within the restricted/restraint classification level to customers in Sweden and in the EU. In January 2024, West Code Group was acquired and in August 2024, CR Group concluded an agreement to acquire the Dutch cyber security company Fox Crypto B.V. Fox Crypto provides encryption solutions to vital societal functions, including the Netherlands Armed Forces, and is well-established within the NATO market. Fox Crypto is headquartered in Delft, Netherlands, and has 144 employees.
The global annual cost for cyber-crime is estimated to reach 8 trillion USD in 2023, which makes it a significant threat to global digitalization. Increased digitalization across global industries is identified in Formica’s Solutions Map as a main contributor to reach the UN Sustainable Development Goals and the Paris agreement.