What Ortelius does

Ortelius is a Swedish enterprise consulting firm that helps large Nordic and European organizations become "data-ready" and "AI-ready" by structuring the underlying business knowledge — processes, organization, technology, and information — that drives performance. The company's core offering, sold as Data Readiness and Enterprise AI consulting, applies a proprietary methodology that maps business logic, dependencies, and strategic intent into consistent definitions, clear ownership, and governed structured data, on top of which capabilities such as Digital Twins, Digital Product Passport, Digital Thread, Industry 4.0/5.0, Data Governance, and Sustainability reporting are delivered. The methodology is exercised across nine verticals, with named industrial leaders including Tetra Pak, Alfa Laval, Sandvik, SKF, and Husqvarna, plus a strategic partnership worth up to EUR 30 million with a vehicle-testing facility announced in October 2025. The Ortelius E2 sub-brand combines consulting with flexible engaged-experts staffing, expanded via the September 2025 acquisition of Tech5 AB in cloud and software development.

The business is sold and delivered via direct enterprise engagement with executive leadership on bespoke, project-based, typically multi-year contracts; pricing is not publicly disclosed. FY2025 reported net sales of MSEK 51.9 (~33% YoY growth versus MSEK 38.9 in the reference period) and Q1 2026 net sales of MSEK 15.8, against an operating loss of SEK -39.8M for FY2025 (SEK -9.2M in Q1 2026). On 3 October 2025 the company became publicly listed on Nasdaq First North Growth Market under ticker ORTIN via a reverse acquisition of ELLWEE AB (publ). Since listing it has executed multiple debt-to-equity conversions (notably a December 2025 series with JEQ Capital AB and an April 2026 SEK 48M set-off with K.Ai Consulting ApS at a SEK 163M post-money valuation), refreshed leadership (Anders Berglund as Chairman, Herman Weberg as Interim CEO and CFO), and navigated an April 2026 bankruptcy petition from a lender that was subsequently withdrawn — reflecting an ongoing capital-structure remediation phase alongside continued commercial growth.

Name

Ortelius

Legal name

ORTELIUS International AB (publ)

Website

https://ortelius.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Ortelius is a Swedish enterprise consulting firm that helps large Nordic and European corporations structure their business knowledge (processes, organization, technology, and information) into consistent, governed data foundations, enabling data-driven reporting, analytics, and AI-readiness across nine industry verticals.

Ownership category

akta.pro rank

Product category

Enterprise Data & Digital Transformation Consulting

NAICS

Management Consulting Services (54161), Other Scientific and Technical Consulting Services (54169)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Data, Analytics & AI Consulting (BPAHAEAF)

akta.pro secondary industry

Customer Experience (CX) & Digital Experience (BPAHAEAC)

Keywords

• Enterprise data consulting
• Data readiness services
• Digital transformation consulting
• Business architecture services
• Enterprise AI consulting

Headquarters

HQ city

Malmö

HQ country

Sweden

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Professional Consulting Services: Project-based consulting engagements delivered directly to enterprise clients. Engagements develop and expand over time, creating recurring business and a more stable and predictable revenue base. Revenue is recognized as projects are delivered, with several project starts postponed in Q1 2026 affecting near-term recognition.
2. Staffing & Engaged Experts (Ortelius E2): Flexible staffing solutions providing engaged experts on demand. Combines consultancy with staffing agency flexibility. Revenue recognized as consultants are deployed on client assignments.
3. Tech5 Cloud & Software Services: Following the acquisition of Tech5 AB in 2025, expanded expertise within cloud computing, software development, and project management. Purchase price structure revised to fixed share-based earn-out settled in shares over a three-year period.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Ortelius provides project-based enterprise consulting services that help large Nordic and European organizations become data-ready and AI-ready by structuring business knowledge across processes, organization, technology, and information. Core service lines include Data Readiness, Enterprise AI, Digital Twins, Digital Product Passport, Digital Thread, Industry 4.0/5.0, Data Governance, Optimizing Production, and Sustainability consulting. The Ortelius E2 sub-brand additionally provides flexible staffing of engaged experts, expanded via the 2025 acquisition of Tech5 AB for cloud and software development capabilities.

Product overview

Ortelius is a Swedish technology consultancy that provides enterprise AI-readiness and data transformation services. The company operates a platform-plus-services model centered on its Data Readiness and Enterprise AI consulting offerings. Its core methodology captures how businesses work—processes, organization, technology, and information—to create structured foundations for AI implementation. Supporting these core offerings are specialized capabilities including Digital Twins, Digital Product Passport, Digital Thread, Industry 4.0/5.0, Data Governance, and Sustainability services. The company also operates E2 Engaged Experts as a staffing/talent sourcing sub-brand, which was expanded through the acquisition of Tech5 AB.

Differentiator

Problem solved

Functional benefit

Brands

• Ortelius E2: Engaged experts staffing and talent sourcing division providing cross-functional talent sourcing, tailored staffing solutions, and flexible consulting services.

Products and services

• Data Readiness Consulting Project-based consulting service that helps organizations establish consistent data definitions, clear ownership, and governed, structured data that supports reporting, analytics, AI, and broader digital transformation. Targeted at large Nordic and European enterprises.
• Enterprise AI Consulting Consulting service that helps large enterprises become AI-ready by structuring business knowledge across processes, organization, technology, and information to enable transparent, reliable, and goal-aligned AI implementation. For executive leadership and senior teams at large organizations.
• Ortelius E2 Engaged Experts Flexible staffing and talent sourcing service that combines the benefits of a consultancy with the flexibility of a staffing agency by providing cross-functional engaged experts on demand for digital transformation projects.
• Tech5 Cloud & Software Services Cloud computing, software development, and project management services delivered under the Tech5 brand, integrated into Ortelius' results-oriented consulting services following its 2025 acquisition.

Quantifiable outcome

• Q1 2026 net sales: MSEK 15.8 (15.1 year-over-year); Full year 2025: MSEK 51.9
• +3 more outcomes

Named customers5 records

Segments9 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Tech5 ABcoreStrategic or Co-development Partner · 1 January 2025Ortelius acquired Tech5 AB to expand expertise within cloud computing, software development, and project management. Tech5 acquisition was completed in 2025 as part of Ortelius E2's strategy to strengthen results-oriented consulting services. Purchase price structure was amended in March 2026: the three-year performance-based earn-out was replaced with a fixed earn-out of SEK 4.8 million per year, settled in shares over three years, plus SEK 700,000 remaining purchase price also settled in shares. Full share-based consideration to be converted in 2028.
• Vehicle Testing Facility (Strategic Partner)coreStrategic or Co-development PartnerOrtelius announced a strategic partnership worth up to EUR 30 million with a pioneering vehicle testing facility in October 2025. This represents the largest contract/value commitment referenced in available source material and signals significant expansion in the automotive/vehicle testing sector.
• Friends of OrteliusminorOthersCommunity of engaged experts, subcontractors, employees, and business partners who are part of the Ortelius ecosystem. Whether joining as a subcontractor, employee, or business partner, individuals become part of the 'Friends of Ortelius' community. Commitment goes both ways, enabling personal and professional growth while creating real value for clients.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Slalom: US-headquartered consulting firm focused on business and technology transformation, with growing data, analytics, and AI practices. Comparable in mid-size project delivery model, data-readiness orientation, and relationship-based engagement style with large enterprises.
• Semcon: Swedish technology and digital transformation consultancy serving manufacturing, automotive, and energy clients. Overlaps with Ortelius in industrial vertical focus, data/digital capabilities, and Nordic enterprise GTM.
• BearingPoint: European-headquartered management and technology consultancy with deep practices in data, digital transformation, and industry-focused advisory. Closely comparable to Ortelius in target market (large European enterprises), methodology (structured business transformation), and consulting-led GTM.
• AFRY: Swedish-origin engineering and digital consultancy serving process, manufacturing, energy, and infrastructure clients across the Nordics and Europe. Direct overlap with Ortelius in industry verticals (process industry, manufacturing, energy) and in data-driven transformation work; notably, an Ortelius board member previously led AFRY's consulting business.
• Etteplan: Nordics-based engineering and digital services firm with practices in software, embedded systems, and industrial digitalization. Comparable to Ortelius in serving industrial clients in the Nordics with a mix of consulting and technical implementation, and connected via an Ortelius board member who was previously Etteplan's CEO.

Broad incumbents

• CGI Group: Global IT and business consulting services firm with strong Nordic presence and end-to-end consulting-to-implementation capabilities. Comparable in serving large European enterprises on data and digital transformation programs.
• Accenture: Largest global management and technology consultancy with mature data, AI, and digital industry practices serving the same large-enterprise buyer as Ortelius. Represents both a competitor for large transformation mandates and a potential acquirer/platform for niche Nordic specialists.
• Deloitte Consulting: Big Four advisory arm with extensive enterprise transformation, data, and AI capabilities. Comparable in selling to C-suite and large enterprises but operates at much larger scale and competes on the same strategic transformation mandates as Ortelius.
• Capgemini Invent: Global consulting and digital transformation arm of Capgemini, with extensive enterprise AI, data, and Industry 4.0 practices. A broad incumbent competitor in the same space as Ortelius but operating at vastly larger scale and with a much broader service portfolio.

Emerging players

• Tata Consultancy Services (TCS): Global IT services and consulting firm with a growing enterprise transformation, data, and Industry 4.0 practice. Not a direct Nordic specialist, but a meaningful competitor in the broader enterprise data/AI transformation market Ortelius addresses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ortelius
• Facebookfacebook.com/100063337593664

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors

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

M&A2 records

Investments

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

Frequently asked questions about Ortelius