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M&A Deal Summary

Telenor Acquires Utfors AB

On January 27, 2004, Telenor acquired communications company Utfors AB from Litorina Capital Advisors

Acquisition Highlights
  • This is Telenor’s 1st transaction in the Communications sector.
  • This is Telenor’s 1st transaction in Sweden.

M&A Deal Summary
Date 2004-01-27
Target Utfors AB
Sector Communications
Buyer(s) Telenor
Sellers(s) Litorina Capital Advisors
Deal Type Add-on Acquisition

Target

Utfors AB

Solna, Sweden
Utfors AB is a provider of broadband communication services.

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Buyer(S) 1

Buyer

Telenor

Fornebu, Norway
Category Company
Founded 1855
Sector Communications
Employees11,000
Revenue 80.5B NOK (2023)
DESCRIPTION

Telenor is a Norwegian multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations in Scandinavia, Eastern Europe and Asia. Telenor was founded in 1855 and is based in Fornebu, Norway.

DEAL STATS #
Overall 2 of 12
Sector (Communications) 1 of 7
Type (Add-on Acquisition) 2 of 9
Country (Sweden) 1 of 3
Year (2004) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Amedia AS

Oslo, Norway

Amedia AS is a media company providing regional newspaper with online newspapers and printing presses, local TV channels and local radio channels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-22 Bredbandsbolaget AB

Stockholm, Sweden

Bredbandsbolaget AB was a broadband communications company.

Buy -

Seller(S) 1

SELLER

Litorina Capital Advisors

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 8.0B SEK
Size Large
Type Sector Agnostic
DESCRIPTION

Litorina Capital is a private equity firm that that invests in lower middle-market, privately held Scandinavian companies with an enterprise value of SEK 200 – SEK 1000 million. Sectors of interest include consumer goods, industrial, services, and information technology. The firm's investment horizon is three to seven years. Litorina Kapital was formed in 1998 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 1 of 38
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 1 of 16
Country (Sweden) 1 of 37
Year (2004) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-12 BTJ Nordic AB

Lund, Sweden

BTJ is the supplier of informationservices and media products to the Swedish and Finish library market. BTJ's main business unit, Bibliotekstjanst, is the market leader when it comes to supplying public- and school libraries with media and information products and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-13 navAero AB

Sundsvall, Sweden

navAero is a hardware supplier that develops, markets and sells innovative and cost-effective products to the aviation industry. One of the company's products is an 'Electronic Flight Bag', which replaces paper based manuals, log books and maps that pilots carry with them between and during flights.

Buy -
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