Nimlas Finland Acquires Netion to Expand into Telecom and Electrical Networks
Nimlas Finland has acquired Netion Oy, a network infrastructure company operating in western Finland. The acquisition allows Nimlas to expand its services into the construction and maintenance of telecom and electrical networks.
Nimlas Finland has expanded its operations by acquiring Netion Oy, a company specializing in the construction and maintenance of telecommunications and electrical network infrastructure. This move strengthens Nimlas's position in the network infrastructure sector.
Netion Oy is based in western Finland and serves telecom operators, energy utilities, and industrial clients. The company handles complete infrastructure projects, from groundwork and cable installation to connections and commissioning. Netion reports an annual revenue of approximately EUR 1.8 million and employs 13 individuals.
The company's services encompass new construction, network modernization, and maintenance and repair work for both telecommunications and electrical networks. The expansion covers building new networks as well as enhancing existing ones.
According to Nimlas Finland's statement, the acquisition supports the company's strategy to grow its infrastructure service offerings. The specific terms of the deal were not disclosed.