June 09, 2017
Translink Corporate Finance announces the acquisition of Nordic Lan & Wan Communication Oy, a leading Finnish provider of network security services, by Viria Oyj. Translink acted as the exclusive financial adviser to the owners of Nordic Lan & Wan Communication Oy.
Viria’s roots are in data communications, and previously it operated under the name Anvia Group. In an acquisition in summer 2016, Anvia’s telecom business and part of its TV and IT business were sold to Elisa Group. The fundamentally changed Anvia Group was renamed Viria and began building a new overall structure around security and network technology, TV services and information analytics solutions. The acquisition of Nordic Lan & Wan Communication means a wider range and increased geographical coverage of network security services in Finland. Nordic Lan & Wan will become a business unit under the Viria brand and the key management will join Viria and continue working for the company.
At Translink we see that the demand for IT network security services will continue to increase due to increasing IT security threats and regulatory consumer privacy legislation by the European Union. With our past transaction experience across many countries/continents we are well positioned to help expansive security solution providers to accomplish their M&A goals both on the sell- and the buy-side.
Contact our Team Members advising in this transaction:
Translink Corporate Finance Finland, based in Helsinki, is one of the leading M&A boutiques in the Finnish market. Since its foundation more than 15 years ago, their partners completed more than 100 M&A transactions in different industries, worked closely together with a number of business partners and industry players, both locally and internationally. In addition Translink Finland is a Certified Adviser on NASDAQ OMX First North.