Tången has acquired 70.4 percent of the shares in Select Telecom, a fast-growing provider of communication and technology solutions to Swedish businesses. The company offers a broad range of services, including operator-independent consulting, AI telephony, advanced PBX solutions, hardware management, digital trip log management, contract management and IoT-based connectivity.
Select Telecom was founded in 2019 with the ambition of modernising the Swedish telecom market through a customer-centric, operator-independent offering. The Company’s broad service offering and personalised advisory enable solutions tailored to each customer’s specific communication needs. Since its founding, Select Telecom has grown rapidly and profitably while establishing a strong local presence with offices in Växjö, Norrköping, Kalmar, Trelleborg and Gotland. Today, the Company serves approximately 1,200 business customers and has partnerships with all major Swedish telecom operators.
“We are very excited about the opportunity to become part of Tången. Having a strong owner behind us gives us additional strength and expertise in our continued growth, while at the same time we can maintain our entrepreneurial spirit and continue to develop the business together. The fact that we remain as a partner makes it extra motivating and shows our strong belief in Select Telecom’s future.”
Carl Jäderberg, CEO and co-founder Select Telecom
Tången sees large potential in the company and the market
Through the partnership with Tången, Select Telecom gains additional capacity and expertise to continue developing the business. The ambition is to build on the Company’s strong development and create the conditions for continued expansion in the Swedish market for communication and technology solutions.
“Select Telecom has a strong market position and a well-diversified customer base. We have also been impressed by the driven and committed management. Together, we see good opportunities to continue to develop the company through both organic growth and add-on acquisitions.”
Nina Bergman, CEO Tången
Merge led a successful and structured process that attracted both financial and strategic investors
The founders of Select Telecom sought a long-term partner that could provide additional resources and expertise to accelerate the Company’s continued growth and development. Merge structured and led the process, which resulted in Tången joining as a long-term partner to continue developing Select Telecom together with the founders through both organic growth and add-on acquisitions.
“A big thank you to Merge for your commitment, professionalism and invaluable support throughout the entire process. You have played an important role in enabling the partial sale of Select Telecom, bringing in a new majority owner with significant resources to help us achieve our future goals. We truly appreciate all your hard work and support.”
Carl Jäderberg, CEO and co-founder Select Telecom
At Merge, we greatly appreciate the trust placed in us to support Select Telecom throughout an intensive process, which we believe will lay the foundation for a successful continued journey together with Tången. Business Services is one of Merge’s focus sectors, and we continue to see strong interest in companies of this type from investors and buyers. If you would like to learn more about how we can help your company find the right investor, you are very welcome to get in touch with us.
