Atea Oy acquired the information network solutions company PALnet Oy.

Atea Oy acquired the information network solutions company PALnet Oy.

Atea Oy in Finland has bought all shares in PALnet Oy, which is a leading supplier and service provider within information network and data security solutions related to local area networks.

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Seller: 
PALnet Oy
Industry: 
ICT / Technology
Buyer: 
Atea
Industry: 
ICT / Technology

Atea Oy in Finland has bought all shares in PALnet Oy, which is a leading supplier and service provider within information network and data security solutions related to local area networks. PALnet has 21 employees and a turnover of MEUR 12.1 and an EBITDA of MEUR 1.3 in 2009. The company has offices in Helsinki, Jyväskylä and Tampere, and is selling products from leading vendors, such as HP and Cisco. The acquisition will strengthen Atea's existing business and competencies within local area networks.

ProMan advised the Sellers during the whole sales process.