August 11, 2020

NetNordic Group has acquired Bolero AB

Bolero is an established Swedish provider of services related to cloud, cyber security, analytics, network and data centre and a number of areas within system development. Through the acquisition, NetNordic will strengthen its capacity to deliver value-added solutions and services in the Nordic system integrator market.

NetNordic has the ambition to expand its solution and service portfolio, and through the acquisition of Bolero it will add competance and capacity in Sweden. Both companies work primarily with large and medium-sized customers in both the public and private sectors.

“Together with Bolero, we will increase our competence and capacity in the Swedish integrator market. This allows us to add even more value to the services we offer to customers. Bolero focuses on competence and culture, and over time we have found a common foundation that has created a good rationale for joining forces. Our ambition to be the leading Nordic system integrator continues”, says Jarl Øverby, CEO of NetNordic Group.

“Through a thorough process, we have become confident that NetNordic’s role as a system integrator will give Bolero’s employees and customers extra dimensions in the future. At the same time, we see that we can add value to NetNordic and with this we get a more balanced future development with continued growth. We will continue to focus on our expertise and customer proximity, and look forward to becoming a central part of NetNordic. We are impressed with NetNordic’s ability to grow, in addition to the way they have integrated the companies they have acquired, at the same time as they have developed and nurtured a culture with high employee satisfaction”, says Erland Fristedt, CEO and main owner of Bolero.

Bolero has 80 employees and a significant number of sub-consultants servicing the company’s customer base. The headquarters is located in Stockholm, with offices in Gothenburg and Linköping, Sweden. Last financial year revenues were SEK 270 million. Management shareholders in Bolero are reinvesting in NetNordic and will continue to focus on developing the business in Sweden and the Nordics.

For further information:

Jarl Øverby, CEO, NetNordic Group
Tel.: +47 982 17 009
jarl.overby@netnordic.com

Erland Fristedt, VD Bolero AB,
Tel: +46 70 931 25 53
erland.fristedt@bolero.se

NetNordic is a Nordic system integrator, specialized in the area of network, security, data center and business communication. NetNordic deliver customer specialized solutions and services. We always strive to be our customers’ “Best Companion”, we want to help our customers with their digital enablement through design, delivery and management of next generation services and solutions. NetNordic is headquartered in Oslo. NetNordic had approximately 1.8 billion NOK revenue (pro forma) in 2019. After the acquisition, the company has approximately 460 employees, and our solutions are distributed through subsidiaries in Norway, Sweden, Denmark and Finland. Majority shareholder in NetNordic is Norvestor. Read more at www.netnordic.com

Bolero is a well established services company in the Swedish market with competence within cloud, security, analytics, network, data center and system development. Bolero has 80 employees and a substantial number of sub contractors serving the customer base. The company is mainly located in Stockholm, but also represented in Gothenburg and Linköping. The company had a revenue at MSEK 270 last financial year. Read more at: www.bolero.se

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