Lemminkäinen Corporation – Divestment of Lemcon Networks businesses in Norway and Sweden

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We advised Lemminkäinen Corporation in the sale of Lemcon Networks Ltd’s mobile telecom network project business in Norway and Sweden to Netel, a leading Scandinavian telecommunications contractor. The majority shareholder in Netel is private equity firm Axcel.

Lemcon Networks, which is 100% owned by Lemminkäinen Corporation, provides professional project management, implementation services and software solutions for mobile telecom network projects. The divested businesses employ a staff of approximately 80 professionals.