Google buys Swedish IT company

American giant Google has bought Luleå-based IT company Marratech for over 100 million kronor ($14.5 million).

The deal also means that Google will assume responsibility for Marratech’s dozen or so employees.

“It feels great. It’s a wonderful opportunity for us. We couldn’t have dreamed of getting a better partner,” Peter Parnes, one of the founders of Marratech, told news agency TT.

Marratech, founded in 1998, makes software for electronic conferences.

The price tag has not been revealed but newspaper Dagens Industri reports that Google paid more than 100 million kronor for the northern Swedish company.

Until Friday Marratech was owned by the Sixth AP Fund and northern Swedish risk capital company Emano.


Google ranked top spot for Swedish students

Swedish students find American multinational Google to be the most attractive potential employers, with Swedish furniture giant Ikea taking second place, a new survey has revealed.

Google ranked top spot for Swedish students

The Universum Swedish Student Survey (FöretagsBarometern) reported that Swedes prefer Google when it comes to getting a job after completing university, following a survey of over 20,000 Swedish students.

Ikea finished second in the report, with another Swedish company, clothing giant H&M, coming in fourth. The top ten was dominated by Swedish companies, with banks Swedbank, Handelsbanken and SEB making appearances, as well as music streaming service Spotify.

Ikea was the highest ranked Swedish company on a global scale for business students at 24th overall. Google was ranked first overall.

When it came to Sweden’s IT students, Google topped the list again, followed by Microsoft and Spotify. Law students preferred the Swedish Foreign Ministry (Utrikesdepartementet – UD) and Masters of Science Engineering picked Google, followed by ABB and Vattenfall.

Swedish student’s ten most attractive employers for business students

1. Google


3. Ernst & Young

4. H&M

5. PwC

6. Handelsbanken

7. Swedbank

8. SEB

9. Spotify

10. KPMG

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