REG-TeliaSonera AB Telia Company to acquire Fält Communications AB <Origin Href="QuoteRef">TELIA.ST</Origin>

Telia ABAnnouncement

01/02/2017 10:00

      Telia Company to acquire Flt Communications AB    
      Telia Company accelerates its activities within the Smart Cities space       by acquiring Flt Communications AB (Fltcom), a leading and well       established company in the growing Nordic connected public       transportation market.    
      Fltcom is a market leader in Scandinavia and has recently seen early       success internationally. The combination of great products and services,       and talented and passionate people, will position the combined companies       to become the leading provider of Smart Public Transport services whilst       laying a foundation for further expansion in the Smart Transport &       Logistics and Smart City space, says Brendan Ives, Head of Telia       Companys emerging businesses unit Division X, and continues: This is       also fully in line with our ambition to find digital solutions to       societal challenges such as climate change while making cities more       liveable.    
      Swedish company Fltcom was founded in 1998 and is headquartered in       Ume. The company has roughly 40 employees. Fltcoms systems make it       possible for customers to monitor and control devices in one place on       the globe from another. The company today has more than 160,000       installations, of which 40,000 are online, in buildings, vehicles, and       customized IoT solutions. Fltcom is the market leader in Scandinavia       for mobile platforms on buses, and every speed camera in Sweden is       equipped with its technology. For 2016, Fltcom had preliminary revenues       of SEK 83 million.    
      Fltcoms main owners SEB Venture Capital and Nordic VC Industrifonden       together own 93 percent of Fltcom and the employees own the remaining 7       percent. The acquisition is expected to close in February. The parties       have agreed not to disclose the purchase price.    
      Fltcom and Telia Company share a common belief that open platforms and       ecosystems are key to unleashing the endless possibilities of IoT.       Having achieved a market leading position, we are really excited to be       part of Telia Company. Together we'll strengthen our market position,       open up significant growth potential and accelerate the rate at which we       can create value for our customers and partners, says Mikael Lngstrm,       CEO of Fltcom.    
      This information is information that Telia Company AB is obliged to make       public pursuant to the EU Market Abuse Regulation and/or the Securities       Markets Act. The information was submitted for publication, through the       agency of the contact person set out above, at 10.30 CET on February 1,       2016.    
      For more information, please contact our press office +46 771 77 58 30,       visit our Newsroom(http://www.teliacompany.com/en/newsroom/)       or follow us on Twitter @Teliacompany(https://twitter.com/Teliacompany).    
      Forward-Looking Statements    
      Statements made in the press release relating to future status or       circumstances, including future performance and other trend projections       are forward-looking statements. By their nature, forward-looking       statements involve risk and uncertainty because they relate to events       and depend on circumstances that will occur in the future. There can be       no assurance that actual results will not differ materially from those       expressed or implied by these forward-looking statements due to many       factors, many of which are outside the control of Telia Company.    
      Were Telia Company, the New Generation Telco. Our 21,000 talented       colleagues serve millions of customers every day in one of the worlds       most connected regions. With a strong connectivity base, were the hub       in the digital ecosystem, empowering people, companies and societies to       stay in touch with everything that matters 24/7/365 - on their terms.       Headquartered in Stockholm, the heart of innovation and technology,       were set to change the industry and bring the world even closer for our       customers. Read more at http://www.teliacompany.com/.    
      This information was brought to you by Cision http://news.cision.com    
View source version on businesswire.com: http://www.businesswire.com/news/home/20170201005527/en/
      TeliaSonera AB