Investment date: December 2008
Industry: Tech-Enabled Services
Fund: Fund V
Exit Date: December 2009
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Under Norvestor ownership Intelecom grew to become a leading Norwegian provider of business-critical communication solutions to the professional market. Headquartered in Oslo, Intelecom’s customers included some 2,500 companies across a wide variety of sectors. At the time of Norvestor’s 2008 acquisition, Intelecom’s positioning within its robust market presented significant growth opportunities. The company was sold to an industrial buyer in December 2009. Intelecom was later acquired by NetNordic Holding, a Norvestor portfolio company, in 2017.