Mandate Vinge advises Coromatic Group in its acquisition of TN Service AB

February 10, 2009

Vinge has advised the Norwegian IT security group, Coromatic Group in connection with its acquisition of TN Service AB (TNS). As a result, Coromatic Group has become the Nordic region’s largest data halls service organisation.

TNS was founded in 1995 and currently specialises in the design, construction, service and maintenance of computers and IT environments. The company has 18 employees and approximately 300 service agreements. The acquisition of TNS is of significant strategic value for Coromatic AB since such complements the current organisation through technical and customer relationship synergies.  

Coromatic Group is a leading participant within physical IT security on the Nordic market. The group delivers complete data hall solutions as well as products and services within the non-interruption power supply field. The group was formed at the turn of the year 2007/2008 when Litorina Kapital became the majority shareholder of Coromatic AB, the Danish Scanpocon A/S, the Norwegian Metric AS and the Swedish Metric Power Systems AB. The group has a turnover in excess of half a billion and as a result of this acquisition has grown from 164 to 182 employees. The two companies have a combined customer base of over 800 service agreements.

Vinge’s team consisted of responsible partner Johan Winnerblad and associates Joacim Rydergård and Sara Hamilton.

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