diff --git a/.github/workflows/pythonpackage.yml b/.github/workflows/pythonpackage.yml
index f2f0eab..2808367 100644
--- a/.github/workflows/pythonpackage.yml
+++ b/.github/workflows/pythonpackage.yml
@@ -26,15 +26,21 @@ jobs:
         run: |
           python -m pip install --upgrade pip
 
-      - name: Install dependencies
+      - name: Install dependencies with the compiled requirements (for Python 3.12)
+        if: ${{matrix.python-version == '3.12'}}
         run: |
-          pip install -e .[dev]
+          pip install -r requirements.txt -e .[dev]
 
-      - name: Lint
+      - name: Install dependencies based on the pyproject.toml file (for older Python versions)
+        if: ${{matrix.python-version != '3.12'}}
         run: |
-          black --check .
-          mypy .
+          pip install -e .[dev]
 
       - name: Test with pytest
         run: |
           pytest
+
+      - name: Lint
+        run: |
+          black --check .
+          mypy .
diff --git a/pyproject.toml b/pyproject.toml
index 374b58c..e40a4d0 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,51 @@
 [build-system]
-requires = [
-    "setuptools>=42",
-    "wheel"
-]
+requires = ["setuptools>=64.0", "setuptools_scm>=8"]
 build-backend = "setuptools.build_meta"
+
+[project]
+name = "alitra"
+authors = [{ name = "Equinor ASA", email = "fg_robots_dev@equinor.com" }]
+description = "Simple alignment and transformation between coordinate frames"
+readme = "README.md"
+requires-python = ">=3.8"
+license = { file = "LICENSE" }
+classifiers = [
+    "Intended Audience :: Developers",
+    "Intended Audience :: Science/Research",
+    "License :: OSI Approved :: Eclipse Public License 2.0 (EPL-2.0)",
+    "Natural Language :: English",
+    "Programming Language :: Python :: 3",
+    "Programming Language :: Python :: 3.8",
+    "Programming Language :: Python :: 3.9",
+    "Programming Language :: Python :: 3.10",
+    "Programming Language :: Python :: 3.11",
+    "Programming Language :: Python :: 3.12",
+    "Topic :: Scientific/Engineering",
+    "Topic :: Scientific/Engineering :: Physics",
+    "Topic :: Software Development :: Libraries",
+]
+dependencies = ["dacite", "scipy", "numpy"]
+dynamic = ["version"]
+
+[project.urls]
+repository = "https://github.com/equinor/alitra.git"
+
+[project.optional-dependencies]
+dev = ["black", "mypy", "pip-tools", "pre-commit", "pytest"]
+
+[tool.setuptools_scm]
+# This section is empty but required for dynamic versioning.
+
+[tool.mypy]
+no_strict_optional = true
+no_site_packages = true
+ignore_missing_imports = true
+exclude = ["build"]
+files = ["src", "tests"]
+
+[tool.pytest.ini_options]
+testpaths = ["tests"]
+log_cli = true
+
+[tool.black]
+line_length = 88
diff --git a/setup.cfg b/setup.cfg
deleted file mode 100644
index 11bf1fd..0000000
--- a/setup.cfg
+++ /dev/null
@@ -1,11 +0,0 @@
-[tool:isort]
-line_length = 88
-multi_line_output = 3
-include_trailing_comma = True
-force_grid_wrap = 0
-use_parentheses = True
-
-[mypy]
-follow_imports = normal
-no_strict_optional = True
-ignore_missing_imports = True
diff --git a/setup.py b/setup.py
deleted file mode 100644
index e751726..0000000
--- a/setup.py
+++ /dev/null
@@ -1,29 +0,0 @@
-from setuptools import find_packages, setup
-
-setup(
-    name="alitra",
-    description="Simple alignment and transformation between coordinate frames",
-    long_description=open("README.md").read(),
-    long_description_content_type="text/markdown",
-    version="1.1.3",
-    author="Equinor ASA",
-    author_email="arnts@equinor.com, euel@equinor.com, chjo@equinor.com",
-    license="MIT",
-    url="https://github.com/equinor/alitra",
-    packages=find_packages(where="src"),
-    package_dir={"": "src"},
-    classifiers=[
-        "Environment :: Other Environment",
-        "Intended Audience :: Developers",
-        "Intended Audience :: Science/Research",
-        "License :: OSI Approved :: MIT License",
-        "Programming Language :: Python",
-        "Topic :: Scientific/Engineering",
-        "Topic :: Scientific/Engineering :: Physics",
-        "Topic :: Software Development :: Libraries",
-    ],
-    include_package_data=True,
-    install_requires=["scipy", "numpy", "dacite"],
-    python_requires=">=3.8",
-    extras_require={"dev": ["pytest", "black", "mypy", "pre-commit"]},
-)