Tolkenett acquires Salita and significantly strengthens its leadership in the Norwegian market
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IEG - Investment Banking Group served as the exclusive advisor to Tolkenett AS in itsleveraged acquisition of 100% of Salita AS. Headquarteredin Oslo, Norway Tolkenett is the market leader serving leading Norwegian publicand private customers requiring interpretation and translation services inhealthcare, social services, law enforcement and private business. Salita, also headquartered inOslo Norway is a leading provider of interpretation and translation services inthe Norwegian market. Together, the two companies becomesthe clear market leader in Norway with a strong technological foundation forfurther profitable growth in Norway and internationally. The new company's headquarters remainsin Oslo with Marte Sigmundstad as the new CEO.

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Executive Statements
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Helan Hafzullah, Chair of Tolkenett AS: "At Tolkenett, we are beyondexcited about this new chapter and look forward to working together to furtherimprove the interpretation and translation services in Norway. Salita is agreat company with strong leadership, and we are very much looking forward to furtherscaling our industry in Norway"
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Gautam Chandna, Chair of Salita AS: "We thoroughly enjoyed the swiftand efficient acquisition process of Salita, and are super-happy about thefuture potential for the company and the team."
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Fredrik Gørrissen, Managing Director of IEG - Investment Banking Group: “This is a great, transformative transaction that enables two individuallybrilliant companies to redefine the market for interpretation and translationservices with market leading technology. We are thrilled to have contributed to this process.”

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IEG -Investment Banking Group acted as the exclusive financial advisor to Tolkenett.

The Partners
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IEG -Investment Banking Group is a leading global technology investment bankfocused on M&A, financing, and asset management. With a local presence inkey international growth regions and emerging markets, IEG serves as a unique,influential, and entrepreneurial partner for growth companies and largeinternational corporations. Founded in 1999, IEG has successfully completedover 200 transactions with approximately 50 technology investment bankersworldwide. For more information, visit ieg-banking.com.
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TolkenettAS Privatelyheld Tolkenett AS was established in 2003 with a vision to make sure everyone,regardless of geographical or cultural background, can be understood andparticipate in society. Tolkenett is the largest providerof translation and interpretation services in the Norwegian market.
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Salita AS is a part of Skiwo AS, aNorwegian company focused on enabling skilled workers to develop their businessas freelancers across different verticals, and with translation andinterpretation services organized through heir Salita AS subsidiary

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