Arendals Fossekompani (AFK) has established the new company Alytic, initially wholly owned by AFK, to transform a wide range of data-driven companies that offers key decision support to their respective industries. Capitalizing on the experience from transforming similar businesses, Alytic will serve as a new growth arena for AFK.

Alytic is looking to invest in data-driven businesses in need of transformation and scale.

Kontali is the first company in the Alytic portfolio, but they expect more to follow. Alytic has already identified a number of companies with products relevant to global markets in targeted segments and industries.