Consorte has signed a Letter of Intent with Ahlsell Norge AS to acquire Intelecom, a leading supplier of comprehensive turn-key voice and infrastructure solutions to the enterprise and public services segment in Norway.
Consorte has signed a Letter of Intent with Ahlsell Norge AS to acquire Intelecom, a leading supplier of comprehensive turn-key voice and infrastructure solutions to the enterprise and public services segment in Norway. Intelecom, already a partner and distri¬butor of Consortes products, will add a nationwide sales and support force and a broad services and product portfolio to Consortes existing businesses in the Nordic region.
Consorte announced today that it has signed a Letter Of Intent with Ahlsell Norge AS (a part of the Ahlsell AB, based in Stockholm, Sweden) to complete the acquisition of 100% of the shares of Intelecom AS. Ahlsell wants to focus on its core business, and is divesting the newly de-merged Intelecom, formerly a part of Nexans Distribusjon AS, which was acquired from Nexans in September of 2005.
The completion of the acquisition will be subject to a satisfactory due diligence review which is expected to be conducted within April, the entering into of a final share purchase agreement, as well as necessary corporate approvals and financing arrangements. Such financing arrangements will include issuing new equity. More details of the transaction will be provided in conjunction with Consortes scheduled Q1 presentation on 27. April.
Intelecom AS is a leading supplier of voice- and data communication solutions to Norways large enterprises and the public sector. Intelecom delivers a wide range of voice- and communication solutions and services, meeting the customers demand for one-stop-shopping. The company had pro-forma revenues of approximately 200 MNOK and healthy profitability in 2005 and has approximately 100 employees in 7 locations around Norway. Intelecom has two main business lines: Services and Solutions.
Intelecom handles systems integration, configuration and delivery of equipment on a wide range of platforms, to deliver voice and IP telephony as well as datacom networks. In connection with these products Intelecom delivers on-site and remote services for support, maintenance and spare parts, operational supervision, facilities management, back-up and more. The company is a leading supplier of enterprise-class IP telephony solutions in Norway.
Intelecom is an existing partner of Consorte, and recent combined wins include Bergen Kommune and Yara. These complete, comprehensive and complex communications solutions represents cutting edge solutions to demanding customers and demonstrates the value proposition that the two companies brings to the market place.