Mutares to acquire the Polish high voltage business of Eltel.

Mutares, a private equity firm, agreed to acquire the Polish high voltage business of Eltel, a Nordic service provider for critical infrastructure that enables renewable energy and high-performing communication networks. Financial terms were not disclosed. "We are satisfied to find a new owner in Mutares, who can continue to develop the Polish business. The transaction creates value for us and our shareholders by minimizing complexity and risks associated with project business outside Nordics. The Eltel Group Management team will focus on executing on our new strategy by developing new service offerings and broadening our customer base in our core markets," Håkan Dahlström, Eltel President and CEO.