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Tele2 IoT Acquires Kombridge AB and Strengthens its Position within Security Services - Tele2 Group (Tele2), announces that Tele2 IoT has closed a deal to acquire the Sweden based company Kombridge AB - Kombridge.com / Tele2.com
Tele2 IoT Acquires Kombridge AB and Strengthens its Position within Security Services

 

NewswireToday - /newswire/ - Stockholm, Sweden, 2016/08/23 - Tele2 Group (Tele2), announces that Tele2 IoT has closed a deal to acquire the Sweden based company Kombridge AB - Kombridge.com / Tele2.com. OMX Stockholm: TEL2A

   
 
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Since 2010, Kombridge has offered security services, connected device management and application management for Internet of Things (IoT) applications and services.

Kombridge (kombridge.com) brings a number of valuable assets and Tele2 IoT will immediately strengthen its security portfolio through the Kombridge Connect security product. The combined sales and technology teams will build upon Kombridge’s technology and knowledge to establish even stronger value added services for B2B application- and connectivity management.

As part of the acquisition, Tele2 IoT obtains Kombridge’s current customer base, product portfolio as well as its six employees with great IoT competence and track-record to maximize sales and development synergies.

Rami Avidan, Managing Director, Tele2 IoT, comments: “We are extremely excited to welcome the Kombridge team to the Tele2 IoT family. The two companies have worked close to each other for a long time. Hence, we know each other well and are very confident that our combined strengths will make us an even stronger global IoT player with high value creation for our customers and partners.”

Contact: Louise Tjeder, Head of Investor Relations, Tele2 AB, P: +46 704 26 46 52

About Tele2

Tele2 (tele2.com) is one of europe's fastest growing telecom operators, always providing customers with what they need for less. We have 16 million customers in 9 countries. Tele2 offers mobile services, fixed broadband and telephony, data network services, content services and global M2M/IoT solutions. Ever since Jan Stenbeck founded the company in 1993, it has been a tough challenger to the former government monopolies and other established providers. Tele2 has been listed on the NASDAQ OMX Stockholm since 1996. In 2015, we had net sales of SEK 27 billion and reported an operating profit (EBITDA) of SEK 5.8 billion.

 
 
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Written by / Agency / Source: Tele2 AB

 
 

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Tele2 IoT Acquires Kombridge AB and Strengthens its Position within Security Services

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Tele2 Group | Kombridge AB
Publisher Contact: Viktor Wallström - Tele2.com 
+46 703 63 53 27 press.relations[.]tele2.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Tele2 AB securities in any jurisdiction including any other companies listed or named in this release.

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