Motorola acquires Kreatel

ABN AMRO Capital, SEB Företagsinvest and Innovationskapital have agreed terms with Motorola over the sale of Kreatel Communications, a Swedish IP-based set-top box provider. With completion due in Q1 2005, subject to regulatory approval, ABN AMRO Capital is to make approximately €33m from the sale, SEB around €24m and Innovationskapital just under €11m.

Swedish venture firm Innovationskapital was the first to invest, in a series A round in 1999. ABN AMRO Capital and SEB Företagsinvest first invested in Kreatel in April 2000. All three have invested capital in follow-on rounds since then.