TietoEnator acquires Telenor Business Consulting in Norway
9 March 2006, TietoEnator acquires Telenor Business Consulting, a business unit with 40 employees in the Norwegian telecom company Telenor. The acquisition means that TietoEnator strengthens its presence in Norway in the telecom area by broadening the customer and skills base.
Telenor Business Consulting is market leading in the areas of business development, project management and bid management in the Norwegian telecom sector. Through the acquisition TietoEnator will be able to provide Norwegian telecom customers with a broad range of services in application development, systems transformation, application management and system integration.
Telenor Business Consulting had net sales in 2005 of 7.5 MEUR and the operating margin (EBIT) was in line with the operating margin of the TietoEnator Group.
The aim is to conclude the transaction and transfer the employees to TietoEnator during March 2006. The agreement is subject to a final approval by TietoEnator’s Board of Directors. The acquisition is also subject to an approval by the Norwegian competition authority.
TietoEnator is among the leading architects in building a more efficient information society and one of the largest IT services providers in Europe. TietoEnator specializes in consulting, developing and hosting its customers’ business operations in the digital economy. The Group’s services are based on a combination of deep industry-specific expertise and the latest information technology. TietoEnator has over 15 000 experts in more than 25 countries.
Headquartered in Oslo, Norway, Telenor is an international provider of high quality telecommunications, data and media communication services. Telenor is one of Norway’s largest companies with revenues in 2005 of approx. NOK 68.9 billion and a work force of 27,600 domestically and abroad. Telenor is listed at the Oslo Stock Exchange (TEL) and Nasdaq in New York (TELN). www.telenor.com.
- Contact Information
- Ari Vanhanen
- President, TietoEnator Telecom & Media
- TietoEnator Corporation
- Contact via E-mail
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