M&A Deal Summary

NetNordic Acquires Intelecom Group AS

On July 6, 2017, NetNordic acquired communications company Intelecom Group AS from Herkules Capital

Acquisition Highlights
  • This is NetNordic’s 2nd transaction in the Communications sector.
  • This is NetNordic’s 2nd transaction in Norway.

M&A Deal Summary

Date 2017-07-06
Target Intelecom Group AS
Sector Communications
Buyer(s) NetNordic
Sellers(s) Herkules Capital
Deal Type Add-on Acquisition

Target

Intelecom Group AS

Oslo, Norway
Intelecom is an enterprise communications solution provider that implements and operates advanced communication solutions. The company has a strong customer base comprising of large public agencies, blue chip corporate and large to mid sized companies.

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Buyer(S) 1

Buyer

NetNordic

Lysaker, Norway

Category Company
Founded 2001
Sector Communications
Employees650
Revenue 850M NOK (2016)
DESCRIPTION

NetNordic is a vendor of telecommunications systems. Company deliver Service Provider networking equipment, as well as production platforms for voice and video applications. As the "Best Companion" NetNordic shall contribute to realize customer’s business potential through efficient use of solutions and services. NetNordic was founded in 2001 and is based in Lysaker, Norway.


DEAL STATS #
Overall 2 of 3
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 2 of 3
Country (Norway) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-05 IPnett AS

Lysaker, Norway

IPnett AS is a communication solutions that are critical to our customers’ way of conducting business. IPnett can help you find the right solution by merging economic business strategies and crucial ICT solutions into one process.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-03 Suomen Konehuone Oy

Espoo, Finland

Suomen Konehuone Oy is a Finnish employee-owned provider of data center solutions and services. The company's primary focus and mission is to act as a trusted partner and help our customers to modernize their data center solutions. Modernization means above all simplification and more agile. Konehuone was formed in 2003 and is based in Espoo, Finland.

Buy -

Seller(S) 1

SELLER

Herkules Capital

Oslo, Norway

Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 15.1B NOK
Size Large
Type Sector Agnostic
DESCRIPTION

Herkules Capital is a private equity firm focused on acquiring controlling interests in established companies located in Norway and other Nordic countries. Herkules looks to commit NOK 100 to NOK 1200 million of equity capital per transaction and will consider investing in public and private companies. Sectors of interest include oil services, healthcare, consumer, trade/retail, services and telecom. The Firm's investment horizon is typically five to seven years. Herkules was formerly known as Fer Private Equity. The Firm is based in Lysaker, Norway.


DEAL STATS #
Overall 19 of 34
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 9 of 14
Country (Norway) 16 of 28
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-03 Enoro Holding A/S

Dale, Norway

Enoro Holding A/S is a provider of Customer Information Systems (CIS) and Meter Data Management (MDM) systems for the energy sector. Enoro occupies over 45% market share with more than 300 customers and over 250 employees. The company was founded in 1992 and has offices in Finland, Netherlands, Norway, Sweden and Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-11 Beckmann

Kristiansand, Norway

Beckmann AS is a provider of school backpacks with unique value, functional and ergonomic design offering. The company offers products and services to consumers in over 20 countries and more than 50% of its revenues now come from international markets. Beckmann was formed in 1946 and is headquartered in Kristiansand, Norway.

Buy -