Eltel Networks Energetyka S.A.: Continuation to grow in Poland

25-10-2007

Eltel Networks has signed an agreement to acquire the Polish company Volteon S.A., one of the leading service providers for the Polish power transmission market.  Volteon has 212 employees and is headquartered in WideĹ‚ka (Rzeszow).

This transaction continues Eltel’s strong growth in Poland as a service provider for electricity and telecommunications networks. In September the comapny acquired Telekomunikacja Energetyczna Sp. z o.o. After closing the recently announced transactions, Eltel will have approximately 3,400 employees in Poland.

"The acquisition of the respected service supplier Volteon S.A. will strengthen our position in the Polish power transmission market and make us the clear market leader in this growing sector," says Tuomo Rönkkö, President and CEO of the Eltel Group.

Completion of the transaction is subject to the relevant competition authorities’ approval.

About Eltel Networks
Eltel Networks is the InfraNet Company™ in Europe, specializing in the construction, maintenance, and upgrading of electricity and telecommunications networks.

In 2006, Eltel Networks’ turnover amounted to € 756 million.  The Group, with its 8300 employees has operations across Europe, primarily in The Nordics, the Baltics and Poland. In Poland Eltel Networks is the biggest Finnish employer.

 

Source: http://www.eltelnetworks.com/Main.aspx?ID=4256BEB7-E513-48BD-AB9E-5EB888179C7A


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