Our history

2000

Netel is founded by Peab, one of the Nordic region’s largest construction company.

2001

Netel is the first company to sign an agreement for expansion of the Swedish 3G mobile communications network. Netel subsequently laid the foundation for a relationship with one of the largest operators in the Nordic region, a relationship that remains stable today.

2002

Netel starts operating in Norway and builds a
nationwide 2G network for mobile communication.

2006 

Netel enters the Swedish fixed networks market. 

2009 

Netel expands rapidly during the first decade of 2000, establishing itself as a leading full-service specialist in services for fixed and mobile networks. The company becomes a strong name in the industry and a prominent critical infrastructure contractor. 

2010

Peab restructures its business and Netel is divested to management.
Netel enters the Norwegian fixed networks market.

2013

Netel acquires additional capital when Axcel, a Nordic private equity firm, acquires a majority shareholding.
Over the next three years, revenue triples to approximately SEK 1.4 billion. Most of the growth is organic. Netel also makes six acquisitions.

2015

Mobile and fixed networks operations are established in Finland through the acquisition of Telog.

2016

Netel initiates a new growth strategy and starts diversifying its business. The first step is the launch of power operations in Finland.
IK Investment Partners acquires Netel to promote continued growth in the Nordic region and expansion in Northern Europe. 

2017

Netel continues to develop its growth and diversification strategy to become less dependent on the telecom market. The company decides to continue to grow geographically in the power area, to enter the German market and to focus on service offerings and framework agreements.
As a consequence of the new strategy, Netel starts its power operations in Sweden and establishes itself in the Norwegian power market through the acquisition of Nett-Tjenester. 

2018

Operations start in Germany and Netel signs its first German infrastructure contract.

2019

Netel signs contracts with another one of Germany’s largest operators. 

2021

Netel is listed on Nasdaq Stockholm Mid-Cap Index.
Six acquisitions in the power and telecom sectors.
Netel pursues its growth strategy and announces two acquisitions within the new areas of district heating, water and sewage.

2022

Netel enters the attractive, rapidly growing UK fibre market through two acquisitions.
The Group makes five acquisitions within the areas of power, district heating, water and sewage.

2023

Netel signs significant agreements with, among others, the Swedish Defence Materiel Administration (FMV). Elektrotjänst i Katrineholm is acquired.