TM & Partners has advised NetNordic, an independent system integrator with majority owner Norvestor, in connection with its acquisition of Bolero. Bolero is an established Swedish provider of services related to cloud, cyber security, analytics, network and data centre and a number of areas within system development. Bolero has 80 employees and a significant number of sub-consultants servicing the company’s customer base. The headquarters is located in Stockholm, with offices in Gothenburg and Linköping. Both NetNordic and Bolero primarily work with large and medium-sized customers in both the public and private sectors. Last financial year revenues of Bolero were SEK 270 million. Management shareholders in Bolero are reinvesting in NetNordic.
TM & Partners’ team was led by Sten Hedbäck (Partner) and Philip Reznik (Senior Associate) and included Fredrik Gustafsson (Partner), Lisa Ericsson (Counsel), Anna Elheim Sylten (Associate), John Park (Associate), Jacob Elovsson Hultin (Associate) and Andreas Sahlstedt (Associate).Back to news