SEARCH MENU Our history Since 2001, Eltel has developed into the leading Nordic field service provider for critical power and communications infrastructure networks - infranets, with the purpose of securing the lifelines of modern society. This is our story. In 2001 the Finnish private equity firm CapMan acquired IVO Transmission Engineering from utility company Fortum. The background to the acquisition was the coming deregulation of the market for production and transmission of energy. The emerging technologies for mobile technology such as 3G also fuelled the demand for networks. The new owners initiated the work to transform the company from a state actor to a private, customer-focused business. 2003 Eltel acquired a power transmissions company in Poland with 180 employees. Eltel also decided to enter the market for mobile- and landbased telecommunication in Poland during 2004–2007 and grew considerably through acquisitions. 2004 is a milestone in the history of Eltel. The company was bought by IK Investment Partners who merged it with Swedia Networks. Overnight the turnover was doubled, and the company had a total of 6 000 employees. Eltel Networks Oy became one of the leading companies in Northern Europe on planning, construction and maintenance of electricity and telecommunication networks. A period of consolidation followed the merger with Swedia and further acquisitions. Focus was to unify the services and delivery processes to manage the customer orders as effectively as possible. By 2008 Eltel had grown from a turnover of EUR 192 million in 2001 to EUR 845 million and went from 1,500 employees to 9,300. 2011 the market for Infranet experienced a boost and Eltel’s net sales increased by 18%, compared to previous year. Eltel continued to expand and developed the cooperation and exchange of competencies between countries. 2015 Eltel enters Nasdaq OMX. 2018 Eltel launches the strategy Operational Excellence after a few years of setbacks. The strategy focuses on Eltel’s home markets and to divest the parts that isn’t core business. A country-based organisation is implemented, where all countries are divided in two segments: Power and Communication. On top of that there are two international, project-based units: High Voltage and Smart Grids. 2019 Eltel took the next step on its transformation journey and continued to transform the company from a diversified project and service company into a service company focused on its markets in the Nordics. Consequently, the Polish Communication business was divested. 2020 The focus on the Nordic market continued and Eltel divested its German Communication business and the Swedish business area Aviation & Security. The year was also marked by the COVID-19 pandemic. Want to know more about what Eltel is today? This is Eltel Eltel is a leading Nordic field service provider for power and communication networks. Our services Eltel provides field services for critical communication and power infrastructure networks – infranets. Case stories At Eltel, we deliver a comprehensive range of solutions. You can find a selection of our services in our case stories. ELTEL GROUP Investor relations Corporate Governance ABOUT ELTEL This is Eltel Sustainability GET IN TOUCH Contact us VISIT US AT © Copyright 2021, Eltel Networks. All rights reserved worldwide. Data protection policy Cookie policy Sitemap We would like to use our own and third party cookies and similar technologies for statistics and marketing purposes. You can set your preferences by selecting the options below. Withdraw your consent at any time via the shield icon. Learn more about how we use cookies and who sets cookies on our website Necessary cookies help with the basic functionality of our website, e.g. remember if you gave consent to cookies. Analytical cookies make it possible to gather statistics about the use and traffic on our website, so we can make it better. Marketing cookies make it possible to show you more relevant social media content and advertisements on our website and other platforms. Accept necessary Accept all