What Wirtek does

Wirtek A/S is a Danish IT services and software solutions company headquartered in Aalborg, operating since 2001 as a spin-off from Nokia and listed on Nasdaq First North Copenhagen under the ticker WIRTEK since 2006. The company employs more than 200 engineers across four EU tech hubs in Denmark (Aalborg), Romania (Cluj-Napoca and Bucharest) and Portugal (Porto), with the Portuguese footprint established in 2024 following the Seluxit asset and Pragmasoft acquisitions.

Since January 2025 the company has operated under a dual-division model. The Services division delivers custom software development, IoT and embedded engineering, and quality assurance, organized into three business units: Energy, Wireless Communication & Automation, and X-Tech. The Solutions division commercializes a portfolio of proprietary products built on the Wappsto / Wirtek IoT Cloud platform and the acquired Seluxit IoT platform, including Wirtek IoT Cloud (powering more than 500,000 devices across 93 countries), SolarTech (solar PV monitoring and maintenance), Tenant Consumption Management (multi-utility metering and ESG compliance), Smartplug Energy Optimisation, and Warehouse Logistics ESG Optimisation. Wirek reports that together these platforms process billions of telemetry events annually for clients such as Gardena.

Revenue is generated through a combination of project-based IT services engagements and subscription / licensing of Solutions products, with disclosed FY2025 revenue of DKK 64.3 million and guidance of DKK 65–70 million for FY2026. The customer base is concentrated in enterprise and mid-market accounts across energy (Energinet, Efacec, Eurowind Energy, e-redes, Vivavis), telecommunications (Spectralink, RTX), retail (Rituals, Salling Group), industrial automation, and IoT (Gardena, Keysight, Crestron, Pilar). Average customer partnership length is disclosed at more than six years, and the energy business unit reportedly grew 84% year-over-year in 2024.

Name

Wirtek

Legal name

Wirtek A/S

Website

https://wirtek.com

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

Wirtek A/S is a Danish-listed IT services and software solutions company (Nasdaq First North Copenhagen) with 200+ engineers across Denmark, Portugal, and Romania, delivering custom software, IoT, and QA services alongside a portfolio of proprietary energy and IoT SaaS platforms to enterprise customers in the EU.

Ownership category

akta.pro rank

Headquarters

HQ city

Aalborg

HQ country

Denmark

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Services Division: Traditional IT services including software development, embedded engineering, R&D, Quality Assurance, and testing services delivered from development centers in Romania and Portugal. Revenue is generated through project-based engagements and resource-intensive service delivery models.
2. Solutions Division: Scalable technology platforms including IoT products, SaaS solutions, and software products generating recurring revenue streams. Includes Tenant Consumption Management, SolarTech, and Seluxit IoT offerings delivered as subscription-based or platform-licensing models.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Wirtek is an IT services and solutions provider operating through two divisions. The Services division delivers custom software development, embedded IoT engineering, quality assurance, and wireless communication/automation services from engineering hubs in Denmark, Romania, and Portugal. The Solutions division offers proprietary IoT and energy platforms (Wirtek IoT Cloud, SolarTech, Tenant Consumption Management, Smartplug Energy Optimisation, Warehouse Logistics ESG Optimisation, Seluxit IoT) sold as subscription/SaaS to energy utilities, TSOs/DSOs, property managers, and industrial clients across the EU and Nordic regions.

Product overview

Wirtek operates a dual-division model: a Services division offering custom software development, IoT engineering, quality assurance, and domain-specific services across Energy, Wireless Communication & Automation, and X-Tech; and a Solutions division offering ready-made software platforms and products. The Solutions portfolio is built on the Wappsto IoT/cloud platform and includes the Wirtek IoT Cloud (open-source IoT platform connecting 500,000+ devices globally), SolarTech (SolarOne monitoring plus SolarTech Maintenance), Tenant Consumption Management (TCM — energy billing and compliance platform), Smartplug Energy Optimisation, Warehouse Logistics ESG Optimisation, and the acquired Seluxit IoT platform (5th-gen cloud platform). Products serve energy utilities, TSOs/DSOs, property managers, and industrial clients across the EU and Nordic countries.

Differentiator

Problem solved

Functional benefit

Brands

• Wirtek IoT Cloud: Open source IoT platform powering more than 500,000 devices and sensors in 93 countries.
• Solar Tech
• Tenant Consumption Management (TCM)
• Smartplug Energy Optimisation
• Warehouse Logistics ESG Optimisation
• Seluxit IoT

Products and services

• Wirtek IoT Cloud Open-source IoT platform that manages device connectivity, data acquisition, and real-time monitoring for sensors and devices globally, powering more than 500,000 devices and sensors across 93 countries. It serves as the foundational platform for Wirtek's IoT and energy solutions.
• SolarTech Solar Photovoltaic solution combining SolarOne (cloud-based renewable energy management with real-time monitoring, proactive alerts, and customisable dashboards) and SolarTech Maintenance (cloud-enabled scheduling and automation) to optimise solar system performance and reliability for solar farm operators.
• Tenant Consumption Management (TCM) All-in-one web and mobile platform that automates energy data collection, billing, and compliance across multi-tenant sites by unifying consumption data from all utilities and buildings (electricity, water, heating/cooling), supporting EU Energy Efficiency Directive compliance and ESG reporting for property managers and multi-tenant operators.
• Smartplug Energy Optimisation Smartplug-based energy optimisation solution that reduces avoidable energy waste on non-critical refrigeration and similar equipment, delivering automated scheduling and load control across distributed sites for industrial and retail operators.
• Warehouse Logistics ESG Optimisation Solution delivering verifiable energy, equipment behaviour, and CO2 data for every kWh used across warehouse and logistics sites. It integrates with existing CTS, BMS, and metering infrastructure to provide cross-site benchmarking, automated ESG reporting, and anomaly detection for logistics operators.
• Seluxit IoT Comprehensive and secure IoT platform for managing IoT devices and sensors, offering real-time data visualisation, automation, and notifications with a no-code interface and custom IoT device development for industrial-grade needs, built on Wirtek's 5th-generation secure cloud platform hosted in Europe.
• Software Development Services Custom software development services across web, mobile, cloud-native, and low-code platforms delivered by engineering teams in Denmark, Romania, and Portugal. Covers the Services division's core offerings for enterprise clients.
• IoT Engineering Services IoT engineering services including embedded systems firmware, sensor integration, real-time device monitoring, and industrial IoT platforms, supporting connectivity across 5G, LPWAN, and BLE protocols for clients building connected wireless products.
• Quality Assurance Services Testing and QA services for software quality, equipment testing (DECT, Wi-Fi), and embedded software development, providing long-term quality assurance partnerships to clients such as Spectralink since 2009.

Quantifiable outcome

• 84% YoY growth in energy business unit during 2024
• +5 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature7 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Energy Cluster DenmarkcoreStrategic or Co-development Partner · 1 October 2025Wirtek joined Energy Cluster Denmark's SME Advisory Board in October 2025, reinforcing its commitment to digital innovation in the energy sector. The company has focused on energy since 2022, achieving 84% growth in its energy business in 2024. Participation aims to contribute digital expertise and foster collaboration to support the green transition.
• AriesminorStrategic or Co-development PartnerStrategic partnership for industry collaboration and development initiatives
• Fintech NordicsminorStrategic or Co-development PartnerNordic fintech ecosystem partnership for innovation and digital transformation
• Nordic IoT CentrecoreStrategic or Co-development PartnerPartnership focused on IoT innovation and industry collaboration in the Nordic region
• Transilvania IT ClusterminorStrategic or Co-development PartnerRomanian IT cluster partnership for technology collaboration and talent development
• Digital EnergycoreStrategic or Co-development PartnerPartnership for digital energy innovation and transformation initiatives
• Danish Industry (Dansk Erhverv)minorStrategic or Co-development PartnerPartnership with major Danish business organization for industry advocacy and collaboration
• IT BranchenminorStrategic or Co-development PartnerPartnership with Danish IT industry association for sector representation
• Ministry of Foreign Affairs of DenmarkminorStrategic or Co-development PartnerPartnership for international trade and export promotion initiatives
• Aalborg UniversitycoreStrategic or Co-development PartnerDanish consortium partner in the MAST (Managing Sustainability Trade-offs) research project under ITEA innovation framework. Wirtek contributes specialized use case built on Wappsto IoT/cloud platform. Project runs through 2027 with funding up to EUR 200,000.

Scale indicators10 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Trifork: Danish-headquartered IT services and software products company with a similar dual model of consulting and proprietary platforms. Comparable to Wirtek in size band, Nordic origin, and strategy of pairing developer services with scalable product revenue.
• Bouvet: Norwegian IT consulting and software firm with a regional delivery model across Scandinavia, serving public sector, energy, and industrial clients. Highly comparable to Wirtek's Services division in customer mix and nearshore delivery.
• Knowit: Nordic IT and digital consultancy with deep roots in Sweden, Norway, Finland, and Denmark. Operates a similar multi-vertical services model with growing digital product offerings, directly comparable to Wirtek's X-Tech and Energy units.

Broad incumbents

• Netcompany: Denmark-based IT services and digital transformation provider, significantly larger than Wirtek, with strong public-sector and utility client base across the Nordics. Comparable as a Danish-listed IT services peer with overlapping energy and government customers.
• TietoEVRY: Large Nordic IT services and software company with dedicated energy and utilities practice. Overlaps with Wirtek in energy-sector digital services and Nordic enterprise customer base, but at much greater scale and broader portfolio.
• Devoteam: European IT consulting firm focused on digital transformation, cloud, and AI across industries including energy and telecom. Comparable to Wirtek's Services division and its AI-assisted delivery positioning.
• Capgemini Engineering: Global engineering and digital services arm of Capgemini, covering embedded systems, IoT, and energy software. Directly competes with Wirtek for enterprise energy and wireless customers but at vastly larger scale and global reach.
• AVEVA: Industrial software vendor with strong energy and utilities footprint, including SCADA, ETRM, and asset performance products. Comparable to Wirtek's energy solutions portfolio, especially the ETRM and grid optimization offerings.
• Software AG: Enterprise middleware and IoT platform provider with Cumulocity IoT. Comparable to Wirtek's IoT Cloud and Seluxit IoT offerings as a horizontal IoT platform play for industrial customers.

Emerging players

• C3.ai: Enterprise AI and IoT application platform with strong utility and energy customer footprint. Comparable to Wirtek's AI-assisted energy software positioning, but operating at materially larger scale and global scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Wirtek

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A5 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wirtek