STOCKHOLM, Sweden—Flextronics announced it will acquire 91 percent of The Orbiant Group from Telia and integrate it with Flextronics Network Services, which offers network installation and commissioning services worldwide.
“The sale of Orbiant is an important part of Telia’s long-term and deliberate ambition to streamline operations,” explained Marianne Nivert, president and chief executive officer of Telia. “Through this deal with Flextronics, we are contributing to the change and renewal of an industry in which Orbiant will now be a player of major importance due to many years of experience and broad expertise in data and telecommunications.”
In the US$100 million deal, 5,400 Orbiant employees will join the 1,050 current Flextronics Network Services employees.
