Transtema to acquire UBConnect for $20m.

Transtema, a provider of networking infrastructure for the telecom industry, agreed to acquire UBConnect, a provider of digital infrastructure for mobile networks in Norway, for $20m. "With UBConnect, we get a basically comprehensive offer in Norway, and a company that can also contribute to Transtema's expansion in the rest of the Nordic region. With long-term customer relationships, a unique delivery model with high quality and efficiency, and competent management, UBConnect will be a valuable addition to the Transtema Group, where we jointly see great future opportunities, not least considering the upgrade to 5G that is taking place in the mobile networks in the Nordics. Together with Tessta Connect, which we acquired in the spring of 2022, Transtema will now become a leading player in Norway as well. We look forward to working together with our new colleagues and jointly driving continued profitable growth", Henning Sveder, Transtema President and CEO.