M&A Deal Summary

Broadnet Acquires Powertech Information Systems AS

On March 8, 2016, Broadnet acquired communications company Powertech Information Systems AS

Acquisition Highlights
  • This is Broadnet’s 1st transaction in the Communications sector.
  • This is Broadnet’s 1st transaction in Norway.

M&A Deal Summary

Date 2016-03-08
Target Powertech Information Systems AS
Sector Communications
Buyer(s) Broadnet
Deal Type Add-on Acquisition

Target

Powertech Information Systems AS

Fornebu, Norway
Powertech Information Systems AS is a broadband service provider. Powertech Information Systems AS was established in 1993 and is headquartered in Fornebu, Norway.

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Buyer(S) 1

Buyer

Broadnet

Fornebu, Norway

Category Company
Founded 2003
Sector Communications
Employees570
Revenue 2.2B NOK (2012)
DESCRIPTION

Broadnet is the largest alternative datacom provider in Norway. The company controls one of two optical fiber networks in Norway in addition to a substantial regional and local network. The group consists of two brands: Broadnet, serving the business and wholesale market, and HomeNet, serving the consumer market. Broadnet was founded in 2003 and is based in Fornebu, Norway.


DEAL STATS #
Overall 1 of 3
Sector: Communications M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Norway M&A 1 of 3
Year: 2016 M&A 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-04 Lynet Internett AS

Oslo, Norway

Lynet Internett AS is a provider of fiber based data communication for businesses. Lynet Internett is headquartered in Oslo, Noway.

Buy Nkr50M