Divestment of Netel Holding AB to IK Investment Partners by Axcel Fund IV and Peed Holding AB

Axcel has today announced the divestment of Netel Holding AB to IK Investment Partners. 

Netel builds and maintains physical infrastructure for both fixed and wireless communications. The company offers its customers complete solutions spanning project management, network planning, site acquisition, licensing, design, construction, installation, operation and maintenance. Netel currently has just over 340 employees at 25 offices in Sweden, Norway, Finland and the Baltic states. In 2015 the company generated revenue of approx. SEK 1.5bn.

The parties have agreed not to disclose the purchase price.

Carnegie is acting as sole financial adviser to the owners of Netel in connection with the transaction.