New principal owner for Sweden's second largest telecom provider
(Thomson Reuters ONE) - Stockholm, Sweden - 17th of September 2009 - Pod Venture Partners,today announced that the company is the new principal owner ofTransmode, a leading provider of optical networking solutions.Following the transaction, the venture capital firm Pod VenturePartners, part of the Swedish Douglas family group of companies, willbe the largest shareholder in this successful and prize-winningcompany with a 42 per cent participating interest."Transmode is one of the most interesting technology companies inEurope right now. Since the company started in 2000, it has grown tobecome Sweden's second largest provider of telecom equipment. Despitethe recession, it is one of the most profitable companies in thesector and, although 2009 will be something of an off year for thesector as a whole, Transmode's profitability remains good. It wastherefore an obvious decision for us to increase our ownership whenthe opportunity presented itself," says Tom Nyman, partner at PodVenture Partners and member of Transmode's Board of Directors.Other shareholders in Transmode include Amadeus Capital Partners,HarbourVest and European Equity Partners. It was a combination ofprivate and institutional investors, who decided to sell parts oftheir holdings in the company to Pod Venture Partners."We welcome Pod's decision to increase its ownership. Pod has beenwith us since 2003, and their long-term and active ownership has inmany ways helped to give Transmode a stable foundation for thefuture," says Kent Sander, Chairman of the Board of Directors ofTransmode.In autumn 2008 Transmode was named 'Swedish Electronics Company ofthe year'. Shortly before that, the company had been presented with a'Leading Lights Award' for the 'Top IPO/M&A Candidate' by leadingonline industry news service Light Reading at a ceremony in New York,USA. Also in 2008, for the fourth consecutive year, Transmode wasincluded in Deloitte & Touche's list of the top ten fastest-growingSwedish companies. In addition to this, the company has a world classcustomer satisfaction and reached a CSI score of 81 in 2008. Theresult can be directly comparable with Swedish SKI (SvensktKvalitetsindex) and ACSI (American Customer Satisfaction Index)."Transmode is more than pure high tech company as it also has astrong industrial focus. The operational set-up is focused and lean,and the solutions being developed are cost efficient from allperspectives. All in all, this makes it easy for the customer toincrease capacity, all while allowing scope for good margins. Thecompany is active at the heart of a very exciting market segment,where there is an ever-increasing need for network traffic capacity,and I look forward to developments in the years ahead. We at Pod canhelp to ensure the company's success by remaining long-term andactive owners, owners who consistently pursue the issue ofmaintaining a business approach," Tom Nyman continues.Pod Venture PartnersPod Venture Partners is a Nordic private equity firm founded in 2000and based in Stockholm. Our investment focus is set on technologyinvestments within venture and growth capital. We are dedicated to,through a combination of capital, knowledge and long-term commitment,working with proven entrepreneurs and management when developingcompanies.TransmodeTransmode is a leading provider of optical networking solutions fortransport of data, voice and video traffic, based on CWDM and DWDMtechnology (Coarse/Dense Wavelength Division Multiplexing).Transmode's unique Intelligent WDM (iWDM(TM)) approach has lead towidespread deployment of over 10000 systems in a customer baseconsisting of more than 250 fixed and mobile network operators,service providers, large enterprises and public institutions acrossEurope, the Americas and Asia.Transmode's comprehensive product portfolio and strong globalorganization enable our customers to grow the capacity and to improveservice level of their regional, metro and metro access networks, ona cost-efficient basis without compromising on functionalityFor further information, please contactPod Venture PartnersTom NymanTel +46 8 54506466Mobile: +46 70 747 2519tom.nyman(at)podventurepartners.comTransmodeKent SanderChairmanTel: +46 73 377 9900kent.sander(at)brainheart.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 17.09.2009 - 11:10 Uhr
Sprache: Deutsch
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