3i sells stake in Atea

3i is selling its stake in Atea Holding AB, a provider of IT infrastructure in the Nordic market, to Ementor ASA, a Norwegian IT company listed on the Oslo Stock Exchange, for €114m. 3i holds a 48.7% share in Atea. The acquisition is subject to approval from the relevant competition authorities. Return details on the transaction are not disclosed.

Since 3i’s investment in 2001, Atea has worked actively to strengthen its market position and expand its product and service offering. It has completed seven acquisitions, worth over €300m, during the past five years. These included Martinsson in Sweden and Novosys in Finland.