Tången Industrikapital förvärvar majority of the shares in Select Telecom

Tången has signed an agreement to acquire 70.4 percent of the shares in Select Telecom AB, a provider of communication and technology solutions for Swedish companies. Select Telecom has shown strong growth with good profitability over time and is considered to be well placed to continue its profitable growth journey through organic sales growth and add-on acquisitions. Select Telecom helps companies develop, simplify and streamline their communication. The company's offering includes operator-independent consulting, AI telephony, advanced PBX solutions, hardware management, mileage log management, digital contract management and IoT-based connectivity. Through tailor-made solutions and ongoing advice, Select Telecom can handle both individual communication needs and more complex and organization-wide solutions. Select Telecom has sales of approximately SEK 60 million with good profitability. The company is headquartered in Växjö and has a local presence in Norrköping, Kalmar, Trelleborg and Gotland. "Select Telecom has a strong market position and a well-diversified customer base. We have also been impressed by the driven and committed management. Together, we see good opportunities to continue to develop the company through both organic growth and add-on acquisitions," says Nina Bergman, CEO of Tången. Tången acquires 70.4 percent of the shares in Select Telecom. The company's CEO, CFO and other key personnel will continue operationally in the business and will remain as shareholders after the transaction. "We are very excited about the opportunity to become part of Tången. Having a strong owner behind us gives us additional strength and expertise in our continued growth, while at the same time we can maintain our entrepreneurial spirit and continue to develop the business together. The fact that we remain as a partner makes it extra motivating and shows our strong belief in Select Telecom's future," says Carl Jäderberg, CEO of Select Telecom. Closing of the transaction is scheduled for 31 August 2026.Following the completion of the transaction, Select Telecom will be included in Tången's Service Solution business area. For more information, please contact: Nina Bergman CEO, Tången Telephone: +46 706 936 335 E-mail: nina.bergman@tangenik.se About Tången Tången is an industrial group that owns and develops niche, medium-sized companies in the Nordic region. With deep industry expertise, strong value propositions, a long-term ownership model and a genuine commitment, we create sustainable and profitable growth over time. Tången works long-term in carefully selected industries where we have both experience and cutting-edge expertise. Today, we are active in the three business areas Regulatory Expertise, Service Solutions and Industrial Technology, where we own and further develop companies with a strong history, profitability and stable cash flows. Tången holds 13 portfolio companies with an annual turnover of approximately 2.3 bn SEK. Since 2026, Tången is listed on Nasdaq Stockholm. Read more about our activities at ww.tången.com Attachments Tången Industrikapital acquires the majority of the shares in Select Telecom (https://storage.mfn.se/5210495d-70bd-4261-9ece-70ec6dd3bda6/tangen-industrikapital-acquires-the-majority-of-the-shares-in-select-telecom.pdf)