The acquisition marks a milestone for TQ Nordic in its quest to establish itself as Europe's premier provider of digital talent management solutions. "This acquisition is not just a step in our growth strategy, but also an expansion of our capability to offer automated and entirely new customer solutions," says Carl Magnus Helin, CEO of TQ Nordic.

"By uniting Pharus Tech's pioneering AI technology with our expertise, we will revolutionize the market with new, value-creating solutions."

Pharus Tech, known for its expertise in AI and data analysis, now becomes a central part of TQ Nordic's development of innovative talent management tools. "Innovation is in our DNA," says Björn Elowson, CEO of Pharus Tech. "Becoming part of TQ Nordic enables us to expand and enhance our solutions and to explore new frontiers within HR-tech and related business areas."

Mikael Karlsson, a board member of Pharus Tech and co-founder of Brofund Equity, emphasizes the strategic value of the acquisition: "The combination of our technology and TQ Nordic's market position creates a solid foundation for future growth."

With the acquisition, TQ Nordic and Pharus Tech together will serve over 600 customers globally and strengthen their position in talent management in Europe. Future prospects include the development of tailored solutions that also address the so-called Global Skills Gap and improve the use of data within the HR area.