PowerTech Information Systems AS has been acquired by Broadnet AS
The private shareholders of PowerTech Information Systems AS have sold the company to Broadnet AS. Financial details have not been disclosed.
PowerTech is one of Norway’s oldest internet service providers and specializes in broadband and data communication services for SMEs. The company has a leading position in this market segment and has, in recent years, been ranked first in the ESPI survey measuring satisfaction among business customers. PowerTech will remain as a separate brand.
Broadnet is a leading provider of fiber-based data communications to businesses, carriers and the public sector. The company is owned by EQT, Northern Europe's leading private equity firm. Broadnet's network consists of 40,000 kilometers of fiber that connects over 90 Norwegian cities throughout the country.
Oaklins' team in Norway advised the seller in this transaction.
Talk to the deal team
Related deals
Top Systems teams up with Holland Capital to create the premier Dutch battery-based solutions provider
Holland Capital, a Netherlands-based private equity firm, has acquired a stake in Top Systems, a leading provider of complete battery-based power solutions, with a unique value-added services proposition.
Learn moreSoler & Palau Ventilation has acquired subsidiaries of United Enertech Holdings
Soler & Palau Ventilation, Inc. (S&P) has acquired subsidiaries of United Enertech Holdings, LLC. (UEH). The subsidiaries included Air Conditioning Products, LLC; Air Performance, LLC; Metal Form Manufacturing, LLC; and United Enertech Corp.
Learn moreInfotreasury has been sold to Matera
Matera, a leading banking software company with world-class instant payments and core banking solutions, has acquired Infotreasury.
Learn more