NetNordic has acquired Itectra

Norvestor-backed NetNordic has acquired Danish optical network solutions firm Itectra. The transaction marks NetNordic’s 25th acquisition since 2015, further strengthening its position in the Nordic market. It enables NetNordic to expand its market relevance through deeper expertise in optical network solutions, consolidating its standing in larger Nordic projects and creating cross-selling opportunities between NetNordic’s network solutions and Itectra’s optical capabilities.

Based in Aalborg, Denmark, Itectra specializes in optical network solutions. The company has strong expertise in the design, implementation and maintenance of fiber-optic infrastructure supporting high-speed connections and low-latency data transmission.

NetNordic is a Nordic system integrator and managed service provider specializing in network, cybersecurity, cloud and collaboration solutions and services. The company supports the secure and efficient delivery of business-critical solutions for large and medium-sized Nordic enterprises across the private and public sectors. In 2024, NetNordic reported pro forma revenue of approximately US$300 million and employed around 650 people across subsidiaries in Norway, Sweden, Denmark and Finland.

Oaklins’ team in Denmark acted as the financial advisor to the owners of Itectra in this transaction.