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  5. Telenor Maritime Acquires KNL Networks

M&A Deal Summary

Telenor Maritime Acquires KNL Networks

On November 24, 2020, Telenor Maritime acquired communications company KNL Networks

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

M&A Deal Summary
Date 2020-11-24
Target KNL Networks
Sector Communications
Buyer(s) Telenor Maritime
Deal Type Add-on Acquisition

Target

KNL Networks

Oulu, Finland
KNL Networks is a provider in satellite-independent communications. KNL Network offers a unique system providing data access through a secure mesh network around the globe for maritime and critical communication markets. KNL Networks was founded in 2011 and is based in Oulu, Finland.

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Buyer(S) 1

Buyer

Telenor Maritime

Arendal, Norway
Category Company
Founded 2004
Sector Communications
DESCRIPTION

Telenor Maritime is a global communications operator at sea, being at the forefront of developing and defining security standards for the maritime business. Telenor Maritime offers a digital platform with high-speed internet and 4G in the same ecosystem. Telenor Maritime was founded in 2004 and is based in Arendal, Norway.

DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Finland M&A 1 of 1
Year: 2020 M&A 1 of 1
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