Delphi advisor to Netmore Group AB in the acquisition of Bredbandsson AB
Delphi has advised Netmore Group AB in connection with an acquisition of 100 percent of the shares in the Landskrona-based Bredbandsson AB for a purchase price of SEK 22,5 million, that have been paid through newly issued shares of series B in the company. Trough the acquisition, Netmore Group will expand its customer base and strengthen its network and production environment for expansion in Sweden an globally.
Netmore Group is an IoT operator that develops a comprehensive solution for cities, industries, properties and homes. Netmore Group was formed in 2010 and since 2017 listed on the Nasdaq First North Growth Market.
Since the establishment in 2006, Bredbandsson AB has gradually built a successful ISP-business (Internet Service Provider), mainly in southern Sweden and has a well-established customer base that will provide Netmore Group with about 10,000 customers, both private and corporate customers through collaborations with several urban networks.