Atea acquires Itale

2/5/2013 2:14 AM EST

(Norway) Atea AS takes over Itale AS through the 
acquisition of the holding company Mobility Invest 
AS. Itale is a nationwide supplier of mobile and 
telecommunications.

Itale has offices in Oslo, Stavanger, Bergen, Larvik 
and Sandefjord, and has 25 employees. The company is 
one of the leading mobile communications companies in 
Norway. Itale delivers customized mobile 
communications solutions to business customers and 
has frame agreements with many of the larger 
companies and public, local and central government in 
Norway. The company is expected to generate revenue 
of MNOK 115 and EBITDA of MNOK 11.5 in 2013.

The acquisition of Mobility Invest, and thereby 
Itale, is in line with Atea's strategy to gain a 
significant position in the mobile terminal market. 
Itale delivers both products and services in a 
rapidly growing market based on smartphones and 
tablets.

Atea acquires all shares in the company. All 
employees will continue in Atea after the 
transaction, which will strengthen Atea's expertise 
in this segment. The agreed transaction value 
(enterprise value) is MNOK 49. 

The acquisition is subject to approval by the 
competition authorities and is expected to have 
effect in three weeks. 


For further information, please contact: 
Steinar Sønsteby, Executive Senior Vice President in 
Atea ASA, mobile +47 930 55 655
Rune Falstad, CFO Atea ASA, mobile +47 906 14 482


About Atea
Atea is the leading Nordic and Baltic supplier of IT 
infrastructure with approximately  6,300 employees. 
Atea is present in 82 cities in Norway, Sweden, 
Denmark, Finland, Lithuania, Latvia and Estonia. Atea 
delivers IT products from leading vendors and assist 
its customers with specialist competencies within IT 
infrastructure services. Atea had revenue of more 
than NOK 20 billion in 2011 and is listed on Oslo 
Stock Exchange. [http://www.atea.com]