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  5. Enea Acquires Aptilo Networks AB

M&A Deal Summary

Enea Acquires Aptilo Networks AB

On October 1, 2020, Enea acquired internet software and services company Aptilo Networks AB from Norvestor Equity AS

Acquisition Highlights
  • This is Enea’s 1st transaction in the Internet Software and Services sector.
  • This is Enea’s 2nd transaction in Sweden.

M&A Deal Summary
Date 2020-10-01
Target Aptilo Networks AB
Sector Internet Software and Services
Buyer(s) Enea
Sellers(s) Norvestor Equity AS
Deal Type Add-on Acquisition

Target

Aptilo Networks AB

Stockholm, Sweden
Aptilo Networks AB is a cloud based software company and a market ruler in solutions to manage data services to control internet access over wireless networks. Aptilo Networks was founded in 2001 and is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Enea

Stockholm, Sweden
Category Company
Founded 1968
Sector Software
Employees447
Revenue 920M SEK (2024)
DESCRIPTION

Enea is a provider of telecom software and services. Enea was founded in 1968 and is based in Kista, Sweden.

DEAL STATS #
Overall 5 of 5
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
Country: Sweden M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 Openwave Mobility

Redwood City, California, United States

Openwave Mobility is a provider of software solutions to mobile carriers that address the rising costs of consumer data usage by enhancing the profitability and efficiency of IP traffic over 3G/4G mobile networks. Openwave Mobility was founded in 2001 and is based in Redwood City, California.

Buy $90M

Seller(S) 1

SELLER

Norvestor Equity AS

Oslo, Norway

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Norvestor Equity is an independent private equity group focused on opportunities throughout Norway and the nearby Nordic region. Norvestor generally looks to acquire control positions in businesses with strong market positions, clear potential for sales and earnings growth, and motivated management. Sectors of interest include engineering/technology, food/beverage, IT, telecommunications, maritime equipment, oil services, power/energy, retail, and services/outsourcing. The Firm's investment size is €10 to €45 million in companies with enterprise values of €20 to €125 million. Norvestor Equity is based in Oslo with an additional office in Stockholm.

DEAL STATS #
Overall 43 of 52
Sector: Internet Software and Services M&A 4 of 5
Type: Add-on Acquisition M&A Deals 16 of 18
Country: Sweden M&A 9 of 12
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-03 SmartRetur

Langhus, Norway

SmartRetur is a reverse logistics of reusable packaging, has differentiated itself by a comprehensive warehouse infrastructure and digital solutions to create cost effective and reliable logistics services. Its services include handling, trading, transport and storage of pallets and miscellaneous reusable packaging formats. The company is a facilitator of the circular economy, helping customers to reduce costs while reducing the environmental footprint of logistics. SmartRetur was founded in 2001 and is based in Langhus, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-28 Pearl

Oslo, Norway

Pearl is a Customer Experience and Enterprise Recourse Planning partner providing one-stop IT solutions and operations to Nordic corporations. Specialized in SAP, Pearl delivers leading cloud capabilities with certification from both AWS and Microsoft Azure. Pearl was founded in 2006 and based in Oslo, Norway

Buy -
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