Corvenia, which gaming company Beyond Frames plans to acquire through a reverse acquisition, has received an order from Norwegian industrial group Demano Group. Corvenia’s AI-based platform for group management and analysis will be implemented in Demano’s seven companies.
The agreement is priced per connected company and may grow if Demano carries out additional acquisitions and connects more operations. However, the initial order value is not considered material to Corvenia’s revenue.
In 2025, Demano had pro forma revenue of approximately SEK 367 million and EBITDA of approximately SEK 38 million. The group has around 110 employees and is exposed, among other things, to the defense industry. On September 18, Beyond Frames announced a letter of intent regarding a reverse acquisition of Corvenia. Corvenia’s owners are expected to receive approximately 75 percent of the shares in the combined company. The transaction is still under review and has not been completed.
