Precio Fishbone AB Divests Kaskelot Online
Precio Fishbone AB has today reached an agreement with Troman AB regarding the transfer of 100 percent of the shares in its wholly owned subsidiary, Scandinavian Election Solution AB, for SEK 24.7 million.
Through the acquisition, Troman assumes all rights and obligations associated with Kaskelot Online. The purchase price is paid in cash. The closing date is today, 10 September 2025.
Scandinavian Election Solution AB holds the rights to the Kaskelot Online software, which is used by approximately 70 Swedish municipalities to manage the election process during general elections. The projected revenue for Kaskelot Online in 2025 is SEK 2.8 million, of which SEK 2.2 million consists of recurring subscription income.
Troman is Sweden’s leading provider of software for the administration of elected officials. Troman’s system is used by 175 municipalities and regions. The company was founded in 2007 and reported revenue of SEK 11 million in 2024. Marathon Software AB is Troman’s main owner, ensuring that future capital needs can be met efficiently.
Background to the Transaction
Kaskelot Online has been successful and is the market leader in IT support for election administration in Sweden. However, its share of Precio Fishbone’s revenue is small, and continued development requires an environment where the product fits more naturally. As Troman holds a corresponding position in IT support for the administration of elected officials, the combined organisation will be stronger with a clear focus—further improving the offering to Swedish municipalities for both election administration and the management of elected representatives. Together, Kaskelot Online and Troman will be able to offer a more comprehensive solution for managing both elections and elected officials.
This information is information that Precio Fishbone AB is obliged to publish under the EU Market Abuse Regulation (MAR). The information was submitted for publication, through the agency of Precio Fishbone’s CEO, on 10 September 2025 at 13:00 CET.
Contact Information
Christer Johansson, CEO, Precio Fishbone – christer.johansson@preciofishbone.se
Robert Spethz, CEO, Troman – robert@troman.se
Richard Treffner, CEO, Marathon Software – richard@marathonsoftware.com
About Precio Fishbone
Precio Fishbone is an IT consulting and software development company with specialist expertise in .NET, information management, business development, and custom IT solutions. Precio Fishbone has offices in six locations in Sweden, as well as in Ho Chi Minh City, Vietnam, and Amsterdam, the Netherlands. The company employs approximately 170 people and is listed on Nasdaq Stockholm First North Growth Market.
Tapper Partners AB is the company’s Certified Adviser under the Nasdaq First North Premier Growth Market rulebook. DNB Carnegie Investment Bank AB acts as the company’s liquidity provider.
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