News - 23.10.2012

Intelecom acquires Offshore Telecom

(Oslo, 23rd October 2012) Intelecom Group AS has entered into an agreement to acquire Offshore Telecom AS.

Over the last years, Intelecom has delivered larger projects where consulting services are an integral part. As an important step towards strengthening its delivery capabilities within the oil, gas and shipping segments, Intelecom is pleased to announce the acquisition of Offshore Telecom AS.

 “Focusing on industry segments with high growth potential is an important part of Intelecom’s strategy. In oil, gas and shipping we have enjoyed a strong market position for a number of years”, says Torkel Engeness, CEO of Intelecom Group AS. “We foresee an increasing demand for our consultancy services reflecting the high level of activity in the industry. The acquisition of Offshore Telecom AS supports our commitment to consulting and is a natural progression of our traditional product deliveries”, says Engeness.

The acquisition will strengthen Intelecom’s delivery capabilities and position in the oil, gas and shipping segments. The employees of Offshore Telecom will contribute with valuable competence in both Intelecom and customer projects.

 “Over the recent years we have built a strong team of offshore telecommunications specialists and achieved significant growth” says Managing Director of Offshore Telecom AS, Atle Kyvik. “We see large benefits in joining Intelecom to take our company to the next level”. “As a part of Intelecom, we will be able to offer our customers a wider range of products and services, as well as provide our employees with greater opportunities to develop further”, says Kyvik.

For more information, please contact:

Lars Petter Eliassen, Director of Oil, Gas and Shipping segment, Intelecom Group AS,
e-mail: – Mobile: +47 911 76 249

Torkel Engeness, CEO Intelecom Group AS,
e-mail: – Mobile: +47 488 92 628

About Intelecom Group AS
Intelecom is a leading provider of cloud-based and customer-placed communications solutions. Intelecom has over 30 years of experience and our expertise provides customers with stable, user friendly and scalable solutions.

Intelecom integrates future-oriented solutions for wireless networks, collaboration, mobile interactivity and contact. Overall, we are responsible for over 2000 customers spread out in Scandinavia and the UK. All customers have a common need to improve communication with their customers and employees. Intelecom contributes to existing solutions by integrated them with new to protect the investments already made and ensures we contribute actively to creating value for the customer. Intelecom will ensure that good communication is rewarding for each customer.

Herkules is the leading private equity player with 12.25 billion NOK in total committed capital. Herkules focuses on companies based in the Nordic region, primarily in Norway and in 2010 Herkules acquired Intelecom. Herkules invests in established companies with strong growth expectations, either organically or through acquisitions.