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
Bolster Investment Partners has acquired a majority stake in Eternal Sun
Bolster Investment Partners, a Netherlands-based investment firm, has acquired a majority stake in Eternal Sun, a global technology leader in advanced solar panel testing equipment, from ABN AMRO Sustainable Impact Fund, a private impact fund based in the Netherlands, and Vermec, a Belgium-based investment firm.
Learn moreiwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.
Learn moreBezeq Online has been acquired by One Software Technologies
Bezeq Online has been acquired by ONE Software Technologies Ltd., enabling ONE Technologies to offer innovative solutions through full integration of advanced technology, real-time data analysis and proven service capabilities nationwide. ONE Technologies’ goal is to develop the next generation of service solutions, including AI-based tools, automation, multi-channel digital services and advanced CRM systems, all designed to deliver a continuous, accurate and effective customer experience.
Learn more