Telia Company closes acquisition of Inmics Oy

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The FINANCIAL — Telia Company on January 31 completed the acquisition of Inmics Oy, a Finnish ICT company with a strong regional presence.

The acquisition at an enterprise value of EUR 75 million on a cash and debt free basis, was announced in December 2017. The transaction will further strengthen Telia Company’s product portfolio with a competitive offer of IT equipment and services targeting the Finnish SME segment.

The Finnish Competition and Consumer Authority approved the acquisition of Inmics Oy on 4 January 2018 and the transaction was closed on January 31, according to Telia.

 

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