Accent Equity acquires Kamic Group subsidiary Inteno to accelerate Internet of Things roll-out

Livingstone has acted as sole financial advisor to KAMIC Group in relation to the divestment of Inteno Broadband Technology AB to Accent Equity. Inteno is a leading developer of innovative gateway products and related software solutions.

Inteno has grown strongly during recent years, generating turnover of approximately SEK 350 million. The company sells proprietary gateways, and software solutions that can be used on Inteno’s, as well as competitors’, hardware. Through high-quality products and solutions, and technical competence, Inteno has managed to assert itself as the leader in the Nordic market.

“Inteno is a well-managed company with a strong market position and great potential. However, its current and future business is outside of our core business. The sale of Inteno is a step in our strategy to strengthen the focus on fewer businesses, and at the same time, create financial flexibility for future strategic acquisitions,” says Fredrik Celsing, President and CEO at the KAMIC Group.

“With a unique position in a fast developing communications segment, Inteno is well positioned to leverage the development of ‘Internet of Things’ as well as increased fibre penetration,” said Niklas Sloutski, CEO of Accent Equity Partners. “There is potential for pursuing both organic and acquisitive growth initiatives, strengthening Inteno’s position outside of the Nordic markets.”

 “We’re very happy with how Livingstone has managed this process. The combination of giving the right strategic advice, and leading the process with impressive attention to detail, was essential for the completion of this transaction,” commented Fredrik Celsing.

“The Inteno transaction highlights our position as a leading advisor in the Nordic Media & Technology sector. The process demonstrates our ability to leverage Livingstone’s international infrastructure in order to deliver value and identify the right buyer for Inteno’s next growth phase,” said  Anders Jacobson, Partner at Livingstone.

“Inteno’s highly scalable software platform offering has massive global potential. This, along with its leading regional market position, made Inteno an attractive target for both large multi-national strategic acquirers as well as regional and global financial sponsors,” he concluded.