Rejlers acquires Orbion Sweden and doubles its telecom

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Nov 17, 2015 at 2:15 AM

Rejlers acquires Orbion Sweden and doubles its telecom operations

As of 16 November 2015, Rejlers has entered into an agreement to acquire 100 per cent of the shares in Orbion Consulting AB Sweden from Relacom Management AB. This acquisition establishes Rejlers as one of Sweden's largest technology consultancies within the telecommunications sector. Of Rejlers' approximately 1,200 technology consultants in Sweden, from today 270 of these are telecommunications consultants. The acquisition gives Rejlers close to 2,100 employees. Orbion Consulting has 150 employees in Sweden and it is estimated it will generate an annual turnover of MSEK 30 during the remainder of 2015 and turnover of MSEK 200 over a 12-month period. The merger is in line with Rejlers' strategy to grow within infrastructure and makes it possible to offer an ever broader range of specialised services and turnkey project responsibility within its telecommunications business. Orbion Consulting is a technology consultancy that offers technological and legal consultancy services within network infrastructure and communications. The company is involved in developing, planning, commissioning and running projects within network infrastructure and communications. Strong expansion within telecom sector In recent years, Rejlers has grown rapidly within the telecoms sector, and the acquisition of Orbion Consulting Sweden definitively makes Rejlers one of the largest telecommunications players in Sweden. Rejlers Sweden will generate an annual turnover of MSEK 1,250 and has close to 1,200 employees. Thanks to the acquisition, we will achieve our growth vision of 3 x 2015. “We have a long tradition of contributing to social development in our role as technology consultants. Telecommunications is a key area vital for growth throughout Sweden, and I am very pleased about this acquisition. Orbion Consulting complements Rejlers' telecommunications offer, and we can now offer both new and existing customers attractive turnkey solutions within mobile and landline telecommunications networks and telecommunications infrastructure,” comments Peter Rejler, President and CEO of Rejlers. In connection with the acquisition, Rejlers and Relacom have signed a cooperation agreement that will create further business opportunities and expand the partnership. “This deal really is a win-win situation. We have previously employed Rejlers on a number of different projects and as a result saw the potential of cooperating with them to enable us to offer a broader range of cutting-edge consultancy services to complement our technology services. The employees from Orbion Consulting represent a strategic complement to and reinforcement of Rejlers' offer within telecommunications. We now have strong consulting partners within all of our business areas,” says Veronica Ezeyza-Alvear, President of the Relacom Group. Facts about Orbion Consulting Sweden Orbion Consulting Sweden is a technology consultancy offering services within network infrastructure for telecommunications. The company has approximately 150 employees at 14 offices. Its clients include network owners, operators, system suppliers and contractors. Orbion Consulting has been a subsidiary of Relacom Management AB, which is owned by banks Nordea, DNB and HSH. Orbion’s companies in Finland and Norway are not affected by the deal. For further information: Peter Rejler; President and CEO, +46 70 602 34 24, e-mail: peter.rejler@rejlers.se Mats Åström; CFO, +46 73 412 66 75, e-mail: mats.astrom@rejlers.se Rejlers is one of the largest engineering consultancy firms in the Nordic region. Our 2,000 experts work with projects within the areas of Building and property, Energy, Industry and Infrastructure. With us, you will meet specialist engineers with the breadth, cutting edge expertise and not least energy to create the results you want. We are continuing to grow rapidly and our activities are spread across 80 locations in Sweden, Finland and Norway. In 2014, Rejlers had revenue of SEK 1.7 billion and its Class B share is listed on Nasdaq Stockholm. Rejlers discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.The information was submitted for publication at 08.00 am on November 17 th 2015.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

PAG Secures $355M to Accelerate Aggressive Growth

Platform Accounting's Bold Expansion Move When you hear about a $355 million strategic financing round, it paints a picture of company ambitions colored in big, bold strokes. Platform Accounting Group (PAG) has managed to secure such a hefty financial backing from Treville Capital Group, taking a serious shot at expanding its footprint and offerings. This is no small...

Tutoring America Champions Educational Equity with Grants

Bolstering Educational Support for Low-Income Students In a world where opportunities hang on the thread of education, Tutoring America stands as a beacon for those left behind. This nonprofit tackles the education gap head-on, aiming to uplift low-income kids before they hit high school turbulence. Frankly, what they're doing is more than just good work—it's laying the...

Saddleback's Bold Doula Program: A Game Changer

Revolutionizing Maternity Support at Saddleback Saddleback Medical Center in Laguna Hills, California, is stirring the waters with its groundbreaking expansion in maternity services. For the first time, an Orange County hospital—The Women’s Hospital at MemorialCare Saddleback Medical Center—is offering complimentary, around-the-clock in-house doulas. Not a luxury,...

Hyliion Legal Woes Shake Investor Confidence

Legal Storm Brews Over Hyliion Investments If you think riding the stock market is like sailing a calm sea, wake up. Hyliion Holdings Corp. (NYSE:HYLN) finds itself steaming headlong into rough waters. A securities class action lawsuit, Olmeta v. Hyliion Holdings Corp., accuses the company of embellishing its ambitions. The lawsuit cites potential wrongdoing in a...

JELD-WEN Schedules Q3 2026 Earnings Call Amid Global Reach

Looking Ahead: JELD-WEN's Q3 Results Exploration Alright folks, buckle up. JELD-WEN Holding, Inc., the name any DIY'er worth their salt recognizes for doors and windows, has set the stage for unveiling its third quarter 2026 performance. They've earmarked November 3 post-market for us to comb through the numbers, and they're wasting no time by getting on a conference call...

M&T Bank Declares Quarterly Preferred Dividends

No Surprises Here—M&T Pays Out Big On Preferreds If there's one thing the market just loves to see amid all this noise and chatter, it's cash coming back to shareholders. M&T Bank Corporation, a seasoned player in the financial sector, is keeping its shareholders happy with some neat quarterly preferred stock dividends. Now, if you've been poking around the NYSE:MTB...

IBM Backs Leena AI: Shaping Enterprise Automation

IBM's Strategic Bet on Enterprise Automation Diving into the blazing 2026 market, IBM Ventures has thrown its weight behind Leena AI, an enterprise agentic AI firm that's out to shake things up. You see, the name of the game isn't just flashy AI chatbots anymore. Companies like Leena AI are setting their sights on the back-office grunt work—the lifeblood operations in...

SQUID Platforms on CDAO Tradewinds Marketplace

Old School Meets New Tech: SQUID's 'Awardable' Moment In an era drowning in data, IESE Solutions throws us a lifeline with its SQUID platform—assessed 'Awardable' and now live on the Department of War's Chief Digital and Artificial Intelligence Office's (CDAO) Tradewinds Solutions Marketplace. Sounds technical, right? Well, let’s dive into why it matters for those...

MEDITECH and Lifemed AI Join Forces on Healthcare AI

Lifemed AI and MEDITECH: A New Chapter in Healthcare You’d think by now the healthcare systems would be catching a break with technology, but here comes another twist. Lifemed AI and MEDITECH have banded together to tackle the notorious issue of claim denials head-on. Picture this: billions squandered every year because of avoidable administrative slip-ups. That's money...

ALS.Community Launches Free Online Support Platform

A Long Path to Connection Sometimes it's easy to forget the power a community can wield until you see one rally around a cause. The launch of ALS.Community isn't just a digital debut; it's a testament to how collective understanding can be a lifeline. For folks grappling with amyotrophic lateral sclerosis (ALS), beating solitude is often half the battle. Founder Jeff...