Atea acquires telecommunication company in Northwest Norway

(Norway) Atea AS in Norway has entered into agreement to acquire Sunnmøre Kommunikasjon AS, which is specialized in telecommunications solutions.

Sunnmøre Kommunikasjon is a Norwegian company with 8 skilled employees working out of Ålesund on the Northwest Coast of Norway. The company is a specialized supplier of telecommunications solutions and operation of telecommunications and data networks.

In 2010 Sunnmøre Kommunikasjon had revenue of MNOK 12 and EBITDA of MNOK 3. The company is expected to generate revenue of MNOK 14 and EBITDA of MNOK 4 in 2011.

The acquisition of Sunnmøre Kommunikasjon will strengthen Atea's focus in Telco solutions. The company has a strong position in the north-west part of Norway with several large international customers, especially within the maritime sector.

Atea acquires all shares in the company and all employees will continue in Atea and strengthen Atea's competences.

The agreed transaction value (enterprise value) is MNOK 14.

The transaction will have effect as of today.

For further information, please contact:
Steinar Sønsteby, Managing Director, Atea AS, 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 5500 employees. Atea is present in 79 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from leading vendors and assists its customers with specialist competencies within IT infrastructure services. Atea had revenue of approximately NOK 17 billion in 2010 and is listed on Oslo Stock Exchange.
www.atea.com

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