Netel acquires 100% of the shares in Nett-Tjenester AS

Netel have made an agreement with the shareholders of Nett-Tjenester AS in Norway for acquiring all shares in the company.

Nett-Tjenester is a company delivering engineering services to the electro and power market focusing on reginal and distribution networks up to 72,5Kv.

Nett-Tjenester has it’s headquarter in Fredrikstad, south-east of Oslo with 70 employees and a large network of subcontractors. The revenue was MNOK 131 in 2016 with a profitability supporting Netels goals.

Nett-Tjenester has the competence and the resources to handle large and complex projects and the company is recognised for its quality, competence and performance.

For more information, see www.nett-tjenester.net

CEO in Netel Group, Erik Salling, states: “For Netel the acquisition of Nett-Tjenester implies that we are establishing Netel in the electro segment in Norway and strengthen our existing position in this market in the Nordic region. Netel has already a leading position within the telecom market in the Nordic region. We are very impressed of the results, competence and motivation within Nett-Tjenester and we are very pleased to welcome all new colleagues into the Netel family”

For more information:
Erik Salling, CEO Netel Group AB, tel +4673375000, erik.salling@netel.se
Erling Nilsen, CEO Netel AS, tel +4797978510, erling.nilsen@netel.no