Relacom is a global supplier of network services. The company constructs, install and maintain fixed, mobile and enterprise networks. Relacom’s business concept is to provide field-managed network services at homes, in offices and on networks.

Relacom has its headquarters in Stockholm, Sweden, and is presence in 17 countries with approximately 17 000 employees.

History

Relacom was formerly called Telavie. Altor Equity Partners

Altor Equity Partners

Altor Equity Partners is a private equity firm focused on leveraged buyout and growth capital investments in Sweden, Denmark and Norway.The firm, which is based in Stockholm, Sweden, was founded in 2003 by a team led by Harald Mix, formerly a partner at Industri Kapital, another Nordic-focused...

 acquired Norwegian Bravida Telecom (Telavie) at the end of 2004. In May 2005, Altor Equity Partners

Altor Equity Partners

Altor Equity Partners is a private equity firm focused on leveraged buyout and growth capital investments in Sweden, Denmark and Norway.The firm, which is based in Stockholm, Sweden, was founded in 2003 by a team led by Harald Mix, formerly a partner at Industri Kapital, another Nordic-focused...

 became the majority owner of Flextronics Network Services. The merger of Flextronics Network Services and Telavie, subsequently renamed Relacom, created a leading Nordic

Nordic countries

The Nordic countries make up a region in Northern Europe and the North Atlantic which consists of Denmark, Finland, Iceland, Norway and Sweden and their associated territories, the Faroe Islands, Greenland and Åland...

 network service provider. Altor was unable to make the new company profitable, and at the end of 2009 Altor along with Nordea

Nordea

Nordea Bank AB is a Stockholm-based financial services group operating in Northern Europe. The bank is the result of the successive mergers and acquisitions of the Swedish, Finnish, Danish and Norwegian banks of Nordbanken, Merita Bank, Unibank and Kreditkassen that took place between 1997 and 2000...

, DnB Nor

DnB NOR

DNB ASA is Norway's largest financial services group with total combined assets of more than NOK 2.0 trillion and a market capitalisation NOK 102 billion as per December the 31st. The Group includes brands such as DNB, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD and Carlson...

 and German HSH Nordbank

HSH Nordbank

HSH Nordbank is a commercial bank in northern Europe with headquarters in Hamburg as well as Kiel, Germany. It is active in corporate and private banking. HSHs main focus is on shipping, transportation, real estate and renewable energy....

invested an additional 400 million SEK in the company. 12 April 2011 the banks took control of the company from Altor.