2017-05-22

Netel acquires 100% of the shares in Nett-Tjenester AS

Netel have made an agreement with the shareholders of Nett-Tjenester AS in Norway for acquiring all shares in the company.

Nett-Tjenester is a company delivering engineering services to the electro and power market focusing on reginal and distribution networks up to 72,5Kv.

Nett-Tjenester has it’s headquarter in Fredrikstad, south-east of Oslo with 70 employees and a large network of subcontractors. The revenue was MNOK 131 in 2016 with a profitability supporting Netels goals.

Nett-Tjenester has the competence and the resources to handle large and complex projects and the company is recognised for its quality, competence and performance.

For more information, see www.nett-tjenester.net

CEO in Netel Group, Erik Salling, states: “For Netel the acquisition of Nett-Tjenester implies that we are establishing Netel in the electro segment in Norway and strengthen our existing position in this market in the Nordic region. Netel has already a leading position within the telecom market in the Nordic region. We are very impressed of the results, competence and motivation within Nett-Tjenester and we are very pleased to welcome all new colleagues into the Netel family”

About Netel
Netel builds and maintains infrastructure for telecommunication and electro. We are offering complete solutions including Project management, logistics, planning, permits, construction, installation, service and maintenance. Netel has 450 employees in Sweden, Norway and Finland and a total turnover of BSEK 1,9 in 2016. IK Investment Partners is majority shareholder in Netel.

For more information:
Erik Salling, CEO Netel Group AB, tel +4673375000, erik.salling@netel.se
Erling Nilsen, CEO Netel AS, tel +4797978510, erling.nilsen@netel.no

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