The fiber optic installation industry in the Nordics is pivotal to advancing high-speed communication infrastructure. This sector encompasses various companies, from specialist contractors to technology innovators, all focused on deploying robust fiber optic networks. These businesses not only deliver connection solutions but also contribute to enhancing digital capabilities across urban and rural areas. With increasing demand for faster internet and improved connectivity driven by cloud computing and smart city initiatives, the industry is set to grow significantly. Moreover, sustainability concerns urge many firms to explore eco-friendly practices in installation and data transmission, making the sector increasingly relevant.


The roster of investors for fiber optic installations in the Nordics reveals a compelling mix of corporate giants and venture capital firms. Hailing from locations like Stockholm and Copenhagen, with founding years spread across decades, these investors range in size from a few dozen employees to over 10,000. Many firms actively engaged in 2024 have focused on technology and telecommunications, completing substantial deals that pointedly aim at enhancing capabilities in the fiber optic domain. Their willingness to invest signifies confidence in the industry's growth trajectory, embodying various approaches from private equity to impact financing.


Top 15 Fiber Optic Installation Investors in the Nordics


1. EQT Group

  • Website: eqtgroup.com
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 1001-5000
  • Number of deals in 2024: 30
  • LinkedIn: eqt-partners

EQT Group is a private equity investment firm based in Stockholm, Sweden, founded in 1994. The firm specializes in various investment strategies, including private equity, infrastructure, real estate, growth equity, and venture capital. EQT serves institutional investors by providing expertise in managing diverse investment portfolios across multiple sectors and geographies. In the fiber optic installation context, EQT has made several notable acquisitions, including a 91% stake in IP-Only Telecommunication AB, a Swedish fiber-based data communication provider, and the acquisition of Deutsche Glasfaser, a significant player in the German fiber market. Additionally, EQT acquired a majority stake in inexio, another German fiber network company, and Lumos Networks Corporation, which provides fiber-optic network services in the U.S. These transactions highlight EQT's strategic focus on enhancing its presence in the fiber optic sector.


2. Instalco

  • Website: instalco.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2014
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: instalco

Instalco is a service company based in Stockholm, Sweden, specializing in installation and consulting across various sectors, including plumbing, electrical, ventilation, and industrial services. Founded in 2014, Instalco operates through a decentralized model, allowing local companies to retain their identity while benefiting from shared resources and best practices. Notably, Instalco has made several acquisitions that enhance its service offerings. For instance, the acquisition of Telefuusio Ltd in 2017 may indicate a strategic interest in telecommunications, which often includes fiber optic services. Additionally, their acquisition of Östersjö Elektriska in 2020 aimed to strengthen their electrical installation capabilities, which could encompass fiber optic installations. Other acquisitions, such as El-Expressen and LIAB Instrumenteringar, further demonstrate Instalco's commitment to expanding its service portfolio, potentially including fiber optic installation capabilities.


3. Hexatronic Group

  • Website: hexatronicgroup.com
  • Type: Corporate
  • Headquarters: Gothenburg, Västra Götaland, Sweden
  • Founded year: 1993
  • Headcount: 501-1000
  • LinkedIn: hexatronic

Hexatronic Group is a telecommunications and technology solutions provider based in Gothenburg, Sweden, specializing in fiber optic and wireless infrastructure. Founded in 1993, the company offers a comprehensive range of products and services, including fiber solutions, wireless systems, and data center services, primarily catering to businesses and organizations in the telecommunications sector. In recent years, Hexatronic has made several strategic acquisitions to enhance its capabilities in the fiber optic installation industry. Notable transactions include the acquisition of The Light Brigade, a U.S.-based fiber-optic training provider, which aims to bolster their reach in the U.S. market. They also acquired KNET, a South Korean company specializing in microduct solutions, and ATG Technology Group, a key player in the New Zealand fiber industry, to strengthen their presence in these regions. Furthermore, their acquisition of USNet, which focuses on installation and project management services for data centers, highlights their commitment to expanding their service offerings in the fiber optic installation space. Overall, Hexatronic Group's focus on end-to-end solutions and customer support enhances connectivity for various applications, making them a relevant investor in the fiber optic installation sector.


4. Almi

  • Website: almi.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 201-500
  • Number of deals in 2024: 7
  • LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It specializes in providing loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden, with the goal of enhancing their growth and competitiveness. Almi has been involved in several transactions that align with the fiber optic installation context, notably investing in InCoax Network Europe, which raised over $1 million in 2012 for its innovative solutions in network technology. Additionally, Almi has supported companies like COS Systems and LumenRadio, which, while not exclusively focused on fiber optics, operate within the broader telecommunications and networking sectors. This diverse portfolio demonstrates Almi's commitment to fostering technological advancements, including those relevant to fiber optic installations.


5. Ericsson

  • Website: ericsson.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1876
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: ericsson

Ericsson, founded in 1876 and based in Stockholm, Sweden, is a leading telecommunications company that provides advanced connectivity solutions, including 5G networks and IoT platforms. With a workforce of over 10,000 employees, Ericsson is dedicated to enhancing operational efficiency and user experiences through reliable and high-speed connectivity. In recent years, Ericsson has made significant investments in the fiber optic sector, including the acquisition of a US fiber technology firm in 2007, which underscores their strategic interest in fiber optics. More recently, in November 2023, Ericsson Ventures participated in funding Nubis Communications, a company specializing in optical engine technologies, contributing to a total investment exceeding $50 million. These transactions highlight Ericsson's active role in the fiber optic installation industry, making them a relevant investor in this space.


6. Lagercrantz Group AB

  • Website: lagercrantz.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2001
  • Headcount: 1001-5000
  • Number of deals in 2024: 6
  • LinkedIn: lagercrantz

Lagercrantz Group AB is a technology group based in Stockholm, Sweden, founded in 2001. The company operates approximately 80 subsidiaries that provide specialized technical solutions across various niche markets, including Electrify, Control, and TecSec. Their business model emphasizes acquisitions and organic growth, catering primarily to business customers seeking tailored technology solutions. Notably, Lagercrantz has made significant strides in the fiber optic sector by acquiring Tykoflex AB, a manufacturer of enclosures for fiber cables, which is expected to positively impact their earnings. This acquisition, along with their other investments in technology and communication hardware, positions Lagercrantz as a relevant player in the fiber optic installation industry.


7. Seb

  • Website: sebgroup.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1856
  • Headcount: 10001+
  • Number of deals in 2024: 13
  • LinkedIn: seb

Skandinaviska Enskilda Banken AB (SEB) is a leading banking group in Northern Europe, founded in 1856, and headquartered in Stockholm, Sweden. SEB offers a comprehensive range of financial services, including corporate and investment banking, asset management, and private wealth management. The bank serves large corporations, institutional clients, and private individuals, assisting them in managing their financial assets and navigating investment opportunities. In recent years, SEB has been involved in several notable transactions within the fiber optic installation context. For instance, they participated in a €120 million senior debt financing for metrofibre, a German company focused on developing fiber networks, aimed at enhancing telecommunication infrastructure. Additionally, SEB was involved in the debt financing of Hexatronic Group, which raised approximately $46 million, further indicating their commitment to supporting the fiber optic sector. These transactions highlight SEB's active role in financing fiber optic infrastructure projects, reinforcing their relevance as an investor in this industry.


8. Nokia

  • Website: nokia.com
  • Type: Corporate
  • Headquarters: Espoo, Uusimaa, Finland
  • Founded year: 1865
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: nokia

Nokia Corporation, founded in 1865 and based in Espoo, Uusimaa, Finland, is a leading telecommunications and technology solutions provider specializing in networking technology and digital transformation. With over 10,000 employees, Nokia offers a diverse range of products and services, including cloud infrastructure, mobile networks, and security solutions, primarily targeting businesses and organizations across various industries. Notably, Nokia has made significant strides in the fiber optic domain through strategic acquisitions. In 2020, Nokia announced plans to acquire Elenion Technologies, a U.S.-based silicon photonics startup, aimed at enhancing its optical connectivity capabilities for 5G, cloud, and enterprise networking. This acquisition underscores Nokia's commitment to advancing fiber optic technologies. Additionally, Nokia's acquisition of Gainspeed in 2016, a cable technology specialist, further demonstrates its focus on enhancing networking capabilities, which often involve fiber optic solutions. These transactions highlight Nokia's active role in the fiber optic installation industry, making it a relevant investor in this space.


9. Polaris Private Equity


Polaris Private Equity is a private equity firm based in Copenhagen, Denmark, founded in 1998. The firm specializes in investment management, focusing on supporting mid-sized companies in the Nordic region through tailored investment strategies, including private equity, flexible capital, and public equity. Polaris partners with management teams to drive growth and operational improvements, helping these companies realize their full potential. Notably, Polaris has been involved in several acquisitions, including Triax A/S, which operates in the telecommunications sector and has a revenue of EUR 82 million. This acquisition suggests a strategic interest in companies that may be involved in fiber optic installation. Additionally, Polaris acquired Vinnergi AB in 2024, although details on this company's specific operations are not provided. Other transactions, such as those involving Kingspan LOGSTOR and Avanti Wind Systems, do not directly relate to fiber optics, indicating a broader investment strategy beyond this niche.


10. Addtech AB

  • Website: addtech.se
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1906
  • Headcount: 1001-5000
  • Number of deals in 2024: 9
  • LinkedIn: addtech-ab

Addtech AB is a technology solutions provider based in Stockholm, Sweden, specializing in high-tech products and services across various sectors, including automation, electrification, energy, industrial solutions, and process technology. Founded in 1906, Addtech serves OEM manufacturers and end-users, helping them enhance operational efficiency and sustainability through innovative solutions. Notably, Addtech has made strategic acquisitions that align with its technological focus, including the acquisition of Fibersystem AB in 2018, which, while primarily a cyber security company, indicates Addtech's interest in high-tech innovations that could intersect with fiber optic technologies. Other acquisitions, such as Duelco A/S and Arruti Group, further demonstrate Addtech's commitment to enhancing its portfolio in electrical distribution and high-voltage transmission solutions, which may also relate to fiber optic infrastructure in broader applications.


11. Telia


Telia Company AB, founded in 1853 and based in Solna, Stockholm, Sweden, is a leading telecommunications company operating in the Nordic and Baltic regions. With over 10,000 employees, Telia offers a diverse range of services, including IoT connectivity, smart city solutions, and telephony services. The company serves both businesses and public sector organizations, providing innovative solutions to enhance connectivity and operational efficiency. Notably, Telia has made strategic acquisitions to strengthen its position in the broadband market, such as acquiring an 82.3% stake in NextGenTel, Norway's second-largest broadband/xDSL provider, in 2006. This acquisition aimed to broaden their offerings in Norway, particularly in mobile and internet-based services. Additionally, in 2014, Telia acquired Tele2, further expanding its telecommunications portfolio. These transactions highlight Telia's commitment to enhancing its fiber optic and broadband capabilities, making it a significant player in the fiber optic installation industry.


12. Equinor

  • Website: equinor.com
  • Type: Corporate
  • Headquarters: Stavanger, Rogaland, Norway
  • Founded year: 1972
  • Headcount: 10001+
  • Number of deals in 2024: 6
  • LinkedIn: equinor

Equinor ASA is a public entity based in Stavanger, Norway, primarily operating in the energy sector with a focus on oil, gas, and renewable energy. Founded in 1972, the company has a workforce of over 10,000 employees and is committed to sustainability, aiming to achieve net-zero emissions by 2050. Equinor serves a diverse customer base, including governments and industries, providing energy solutions that address climate challenges while ensuring energy security. In recent years, Equinor has made strategic investments in companies related to fiber optic technology. For instance, they were the anchor investor in fos4X, which specializes in fiber optic sensor technology for wind energy, contributing to an €8.2M Series B financing round aimed at scaling and internationalizing their digital business. Additionally, Equinor Ventures participated in a $23M Series A funding for Infravision, which focuses on robotics for powerline stringing and grid monitoring, further showcasing their interest in technologies that may involve fiber optics. These transactions highlight Equinor's engagement in the fiber optic sector, particularly in applications that enhance energy infrastructure.


13. Finnfund

  • Website: finnfund.fi
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1980
  • Headcount: 51-200
  • Number of deals in 2024: 7
  • LinkedIn: finnfund

Finnfund is a not-for-profit development financier and impact investor based in Helsinki, Finland, founded in 1980. The organization focuses on creating sustainable futures by investing in companies that address global development challenges, primarily in developing countries. Finnfund provides investment and advisory services to promote economic growth and sustainability across various sectors. Notably, in 2025, Finnfund invested in Fibertime Group, which raised $2,097,111 in a venture round, indicating their engagement in the fiber optic installation industry. Additionally, Finnfund has been involved in financing energy solutions through Starsight Energy, which, while not directly related to fiber optics, demonstrates their commitment to supporting innovative technologies that contribute to sustainable development.


14. SEK Svensk Exportkredit

  • Website: sek.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1962
  • Headcount: 201-500
  • Number of deals in 2024: 4
  • LinkedIn: sek-svensk-exportkredit

SEK Svensk Exportkredit is a public entity based in Stockholm, Sweden, founded in 1962. It provides financial services aimed at supporting Swedish export companies and their suppliers through various financing solutions, including sustainability-linked loans and export credits. In 2023, SEK was involved in a significant transaction with Hexatronic Group, which raised approximately $46.1 million in Post-IPO Debt. Hexatronic is known for its work in the fiber optic installation industry, indicating SEK's engagement in this sector. This involvement highlights SEK's role in enhancing the competitiveness of companies within the fiber optic market, thereby contributing to the industry's growth.


15. Telenor

  • Website: telenor.com
  • Type: Corporate
  • Headquarters: Fornebu, Akershus, Norway
  • Founded year: 1855
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: telenor-group

Telenor ASA, founded in 1855 and based in Fornebu, Akershus, Norway, is a leading telecommunications company that provides mobile telecommunications, broadband, and TV distribution services. With a customer base of 209 million subscribers, Telenor operates primarily in Scandinavia and Asia, focusing on empowering societies through connectivity. The company is committed to responsible business practices and innovation in telecommunications. Notably, Telenor has made strategic acquisitions to bolster its position in the fiber optic market, including the acquisition of Tele2 Sweden's fiber and cable firm in 2013, which encompasses a portfolio of 370,000 households. This move aims to enhance Telenor's offerings in the fixed broadband and television services market, showcasing their active involvement in the fiber optic installation industry.



Fiber Optic Installation Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
InstalcoStockholm, Stockholm, Sweden1001-500020142
Hexatronic GroupGothenburg, Västra Götaland, Sweden501-100019930
AlmiStockholm, Stockholm, Sweden201-50019947
EricssonStockholm, Stockholm, Sweden10001+18763
Lagercrantz Group ABStockholm, Stockholm, Sweden1001-500020016
SebStockholm, Stockholm, Sweden10001+185613
NokiaEspoo, Uusimaa, Finland10001+18653
Polaris Private EquityCopenhagen, Denmark51-20019984
Addtech ABStockholm, Stockholm, Sweden1001-500019069
TeliaSolna, Stockholm, Sweden10001+18530
EquinorStavanger, Rogaland, Norway10001+19726
FinnfundHelsinki, Uusimaa, Finland51-20019807
SEK Svensk ExportkreditStockholm, Stockholm, Sweden201-50019624
TelenorFornebu, Akershus, Norway10001+18552


Want to find more investors focusing on the fiber optic installation industry?

If you want to find more investors that are active in the fiber optic installationindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!