Add-on Acquisition • Communications

Tele2 Sverige AB Acquires Network Norway AS

On July 22, 2011, Tele2 Sverige AB acquired communications company Network Norway AS from Aars

Acquisition Context
  • This is Tele2 Sverige AB’s 1st transaction in the Communications sector.
  • This is Tele2 Sverige AB’s 1st transaction in Norway.

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M&A Deal Summary

Date July 22, 2011
Target Network Norway AS
Sector Communications
Buyer(s) Tele2 Sverige AB
Sellers(s) Aars
Deal Type Add-on Acquisition

Target Company

Network Norway AS

Oslo, Norway
Network Norway AS is involved in delivering telephony solutions to businesses by offering mobile broadband and mobile data services.
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Buyer Overview 1

Buyer

Tele2 Sverige AB

Kista, Sweden

Category Company
Sector Communications
DESCRIPTION

Tele2 Sverige AB is a provideing mobile services for businesses and consumer markets.


Deal Context for Buyer #
Overall 1 of 1
Sector: Communications 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Norway 1 of 1
Year: 2011 1 of 1

Seller Profile 1

SELLER

Aars

Investor


Category Family Office
Founded 1936
Size Small
Type Sector Agnostic
DESCRIPTION

Aars is a family-backed private investment firm focused on a variety of direct and other alternative investments. The Firm's direct investment group is sector agnostic and will consider opportunities throughout Scandinavia. Aars looks for businesses with strong company cultures and situations where strategic expertise can help with growth. Aars was originally established in 1936 and is based in Oslo, Norway.


Deal Context for Seller #
Overall 2 of 3
Sector: Communications 1 of 1
Type: Add-on Acquisition 2 of 3
Country: Norway 2 of 3
Year: 2011 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-22 Molift AS

Oslo, Norway

Molift AS is a manufacturer of equipment for moving and handling patients. The company products include patients moving, handling, technical equipment, etc.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Norfolier GreenTec AS

Oslo, Norway

Norfolier GreenTec AS develops and supplies refuse sacks and recyclate. Company have a wide range of standard products and tailor-made solutions, and work closely with customers to meet each individual’s special needs. Company is a recycler of plastic film waste in the Nordic region. Our factory is located in Folldal in Hedmark.

Buy -