Telia Company acquires Finnish ICT service company Nebula
Telia Company acquires 100 percent of Nebula Top Oy, a Finnish provider of cloud services to SME and SoHo customers, at an enterprise value of EUR 165 million on a cash and debt free basis. The transaction will ensure Telia’s competitive position in the SME and SoHo segments.Nebula Top Oy was founded in 1997 and offers highly automated and standardized cloud infrastructure services with a strong customer centric model. Nebula’s 145 employees serve a customer base of approximately 44,000 who generate 90 percent subscription-based recurring revenues. In 2016 Nebula reported net sales of